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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Amortization
A non-cash operating expense that...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Business
A business smaller than...
Contractor Team Arrangement
An arrangement in which...
Contract
A mutually binding legal rel..
Affiliate
Business concerns are affiliates if one concern...
Break-even Analysis
A calculation of the approximate sales...
Current Liabilities
A balance sheet item, which...
Collateral
Assets pledged by a borrower to secure a loan...
Primary Activity
The major business activity of...
Joint Venture
In the SBA Mentor-Protégé Program...
Contracting
Purchasing, renting, leasing, or...
Negotiation
Contracting through the use of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...

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