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.
Days Receivable
A measure of the average time a...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Equity
An accounting term used to...
Duplicated Interest
The amount of interest exp...
Partnering
A mutually beneficial business-to-bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
S-Corporation
A form of corporation, allowed by...
Operating Leases
are deducted on the company’s...
Acquisition
The acquiring of supplies or...
Injury Analysis
Measures the effects of...
Protégé
A firm in a developmental stage that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Cash-basis Accounting
records revenue when cash is...

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