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.
Joint Venture
In the SBA Mentor-Protégé Program...
B/E (Business EIDL) Loan
A business loan that...
Acquisition
The acquiring of supplies or...
Credit Score Test
Part of the home loan CET show a...
Current Liabilities
A balance sheet item, which...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Income Statement
Shows the entity’s income and...
SCORE
Counselors to America's Small Bus...
Affiliates
Business concerns, organizations, or...
Liabilities
A financial obligation...
Assets
The amount of current assets that is left...
Operating Leases
are deducted on the company’s...
Cash Flow Test
Part of the CET that determines if...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Phase 1
Process used to determine the...

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