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.
B/E (Business EIDL) Loan
A business loan that...
Partnership
A type of unincorporated business org...
Subcontract
A contract between a prime cont...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Days Payable
A measure of the average time a...
Comparative Analysis
Is designed to point out significant trends that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Current Liabilities
A balance sheet item, which...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Assets
The amount of current assets that is left...
Intermediary Organization
Organizations that play a funda...
Credit Elsewhere Test (CET)
The test to determine the...
Standard Industrial Classification (SIC) Code
A code representing a category within...

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