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.
NAICS
NAICS codes are common...
Applicant Individual
aka who is requesting an SBA loan...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Injury Analysis
Measures the effects of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Comparative Analysis
Is designed to point out significant trends that...
Subcontract
A contract between a prime cont...
S-Corporation
A form of corporation, allowed by...
Break-even Analysis
A calculation of the approximate sales...
Sole Proprietor
an individual who...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Phase 1
Process used to determine the...
Cash Flow Test
Part of the CET that determines if...
Substantial Damage
This means uninsured or otherwise uncompensated...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...

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