P&L (Profit and Loss Statement)

also considered as Income Statement or Statement of Earnings. Measures Net Income or Loss over a defined period of time. In addition, having the simple formula of Revenues – Expenses = Net Income/Loss.

Updated on
September 9, 2022
Published on
June 20, 2018
The 7(a) Loan Program, SBA’s most common loan program, includes assistance for each business with unique needs.
SBA 504 loans are very popular for long-term, fixed rate financing of up to $5 million for major fixed assets.
The average Microloan is about $13,000. The Microloans program provides loans up to $50,000 to small businesses.
SBA Glossary

Common SBA Terms

Everything you need to know about common terms used to discuss SBA Loans.
Collateral
Assets pledged by a borrower to secure a loan...
Fair and Reasonable Price
A price that is fair to both parties...
Working Capital (WC)
The amount of current assets that...
Request for Proposal (RFP)
A document outlining a...
Injury Analysis
Measures the effects of...
Assets
The amount of current assets that is left...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Primary Activity
The major business activity of...
Contract
A mutually binding legal rel..
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Depreciation
A non-cash operating expense that...
Protégé
A firm in a developmental stage that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Affiliates
Business concerns, organizations, or...
Applicant/Co-Applicant
Business entity and person requesting...

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