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.
Applicant Individual
aka who is requesting an SBA loan...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
Guarantor
The legal entity and...
S-Corporation
A form of corporation, allowed by...
Cash Flow Test
Part of the CET that determines if...
Emerging Small Business
A small business concern whose...
Acquisition
The acquiring of supplies or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Operating Leases
are deducted on the company’s...
Projection
An estimate of future economic or...
Applicant/Co-Applicant
Business entity and person requesting...
Income Statement
Shows the entity’s income and...
Phase 2
Process to be used to determine economic injury for...
Trend Analysis
A comparative analysis of...

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