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.
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Cash Flow Test
Part of the CET that determines if...
Contracting
Purchasing, renting, leasing, or...
Phase 1
Process used to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Joint Venture
In the SBA Mentor-Protégé Program...
Principal
the owner(s) of the Applicant Entity that...
Normal Annual Sales
Those sales that would have...
Guarantor
The legal entity and...
Contractor Team Arrangement
An arrangement in which...
Operating Leases
are deducted on the company’s...
Liabilities
A financial obligation...
Request for Proposal (RFP)
A document outlining a...
Lien
A legal claim against an...
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