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.
Extraordinary Items
Additional expenses that are...
Small Disadvantaged Business Concern
A small business concern that...
Affiliates
Business concerns, organizations, or...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Primary Activity
The major business activity of...
Duplicated Interest
The amount of interest exp...
Amortization
A non-cash operating expense that...
Equity
An accounting term used to...
Assets
The amount of current assets that is left...
Request for Proposal (RFP)
A document outlining a...
Subcontract
A contract between a prime cont...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Guarantor
The legal entity and...
Days Receivable
A measure of the average time a...
Partnering
A mutually beneficial business-to-bus...

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