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.
Capital Leases
are for the purchase of fixed assets such as...
Lien
A legal claim against an...
Primary Activity
The major business activity of...
Affiliated Group
When two or more...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Physical Loans
Funds to repair/replace dis...
Duplicated Interest
The amount of interest exp...
Projection
An estimate of future economic or...
S-Corporation
A form of corporation, allowed by...
Injury Analysis
Measures the effects of...
Hardship Waiver
Method used to approve a...
Applicant/Co-Applicant
Business entity and person requesting...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Adjusted Net Worth
Post disaster fair market value of tangible...
Normal Annual Sales
Those sales that would have...

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