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.
Days Receivable
A measure of the average time a...
Break-even Analysis
A calculation of the approximate sales...
Depreciation
A non-cash operating expense that...
Working Capital (WC)
The amount of current assets that...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
NAICS
NAICS codes are common...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contractor Team Arrangement
An arrangement in which...
Certificate of Competency
A certificate issued by the Small Bus...
Guarantor
The legal entity and...
Small Business
A business smaller than...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Current Assets
A balance sheet item which equals...

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