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.
Current Liabilities
A balance sheet item, which...
Companion File
When an applicant has another application filed...
Certified 8(a) Firm
A firm owned and operated by socially and...
Applicant Individual
aka who is requesting an SBA loan...
Phase 1
Process used to determine the...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Income Statement
Shows the entity’s income and...
Fair and Reasonable Price
A price that is fair to both parties...
Intermediary Organization
Organizations that play a funda...
Sole Proprietor
an individual who...
Joint Venture
In the SBA Mentor-Protégé Program...
Affiliate
Business concerns are affiliates if one concern...
Electronic Data Interchange
Transmission of information bet...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Credit Score Test
Part of the home loan CET show a...

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