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...
Income Statement
Shows the entity’s income and...
Full and Open Competition
With respect to a contract action...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
B/E (Business EIDL) Loan
A business loan that...
Contracting
Purchasing, renting, leasing, or...
Subsidiary
A company for which a majority of the...
NAICS
NAICS codes are common...
Capital Leases
are for the purchase of fixed assets such as...
Protégé
A firm in a developmental stage that...
Small Disadvantaged Business Concern
A small business concern that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Break-even Analysis
A calculation of the approximate sales...
Contractor Team Arrangement
An arrangement in which...

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