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.
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Primary Activity
The major business activity of...
B/E (Business EIDL) Loan
A business loan that...
Projection
An estimate of future economic or...
Phase 1
Process used to determine the...
Corporation (C-corp.)
The most common form of business org...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Duplicated Interest
The amount of interest exp...
Cash-basis Accounting
records revenue when cash is...
Affiliates
Business concerns, organizations, or...
Applicant Individual
aka who is requesting an SBA loan...
Days Payable
A measure of the average time a...
Sole Proprietor
an individual who...
Contract
A mutually binding legal rel..
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...

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