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.
Primary Activity
The major business activity of...
Mentor
A business, usually large, or...
Subcontract
A contract between a prime cont...
Days Receivable
A measure of the average time a...
NAICS
NAICS codes are common...
Operating Leases
are deducted on the company’s...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Equity
An accounting term used to...
Applicant Entity
The business entity requesting...
Cash Flow Test
Part of the CET that determines if...
Cash-basis Accounting
records revenue when cash is...
Intermediary Organization
Organizations that play a funda...
Depreciation
A non-cash operating expense that...
Small Business
A business smaller than...
Income Statement
Shows the entity’s income and...

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