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.
SCORE
Counselors to America's Small Bus...
Request for Proposal (RFP)
A document outlining a...
Break-even Analysis
A calculation of the approximate sales...
Certificate of Competency
A certificate issued by the Small Bus...
Phase 2
Process to be used to determine economic injury for...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Companion File
When an applicant has another application filed...
Small Disadvantaged Business Concern
A small business concern that...
Cash-basis Accounting
records revenue when cash is...
Small Business
A business smaller than...
Joint Venture
In the SBA Mentor-Protégé Program...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Applicant/Co-Applicant
Business entity and person requesting...
Primary Activity
The major business activity of...
Lien
A legal claim against an...

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