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.
Fair and Reasonable Price
A price that is fair to both parties...
Amortization
A non-cash operating expense that...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Assets
The amount of current assets that is left...
Credit Score Test
Part of the home loan CET show a...
Guarantor
The legal entity and...
Corporation (C-corp.)
The most common form of business org...
Prime Contract
A contract awarded directly...
Applicant Individual
aka who is requesting an SBA loan...
Full and Open Competition
With respect to a contract action...
Working Capital (WC)
The amount of current assets that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Operating Leases
are deducted on the company’s...
Joint Venture
In the SBA Mentor-Protégé Program...
Best and Final Offer
For negotiated procurements...

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