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.
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Projection
An estimate of future economic or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Intermediary Organization
Organizations that play a funda...
Cash Available to Service Additional Debt (CASAD)
The cash flow determined that...
Guarantor
The legal entity and...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Full and Open Competition
With respect to a contract action...
Principal
the owner(s) of the Applicant Entity that...
Credit Elsewhere Test (CET)
The test to determine the...
Current Assets
A balance sheet item which equals...
Adjusted Net Worth
Post disaster fair market value of tangible...
Contracting
Purchasing, renting, leasing, or...
Injury Period
The time period during...
Liabilities
A financial obligation...

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