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.
Small Disadvantaged Business Concern
A small business concern that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Comparative Analysis
Is designed to point out significant trends that...
Current Liabilities
A balance sheet item, which...
Injury Analysis
Measures the effects of...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Gross Margin
The margin that would have been...
Sole Proprietor
an individual who...
Credit Elsewhere Test (CET)
The test to determine the...
Full and Open Competition
With respect to a contract action...
Cash-basis Accounting
records revenue when cash is...
Request for Proposal (RFP)
A document outlining a...
Cash Flow Test
Part of the CET that determines if...
Depreciation
A non-cash operating expense that...
Projection
An estimate of future economic or...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.