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.
Applicant Individual
aka who is requesting an SBA loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Protégé
A firm in a developmental stage that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Working Capital (WC)
The amount of current assets that...
Limited Partnership
A business organization with one or...
Business Activity
The business (or loss) activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Days Payable
A measure of the average time a...
Guarantor
The legal entity and...
Best and Final Offer
For negotiated procurements...
Corporation (C-corp.)
The most common form of business org...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Credit Score Test
Part of the home loan CET show a...
Electronic Data Interchange
Transmission of information bet...

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