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.
Protégé
A firm in a developmental stage that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Fair and Reasonable Price
A price that is fair to both parties...
Contracting
Purchasing, renting, leasing, or...
Small Disadvantaged Business Concern
A small business concern that...
Business Activity
The business (or loss) activity of...
Joint Venture
In the SBA Mentor-Protégé Program...
Amortization
A non-cash operating expense that...
Affiliate
Business concerns are affiliates if one concern...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Sole Proprietor
an individual who...
Projection
An estimate of future economic or...
Injury Period
The time period during...
Collateral
Assets pledged by a borrower to secure a loan...
Operating Leases
are deducted on the company’s...

Get the quick rundown on SBA Loans

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