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.
Joint Venture
In the SBA Mentor-Protégé Program...
Injury Analysis
Measures the effects of...
Credit Score Test
Part of the home loan CET show a...
Days Payable
A measure of the average time a...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Current Liabilities
A balance sheet item, which...
Mentor
A business, usually large, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Trend Analysis
A comparative analysis of...
Liabilities
A financial obligation...
Depreciation
A non-cash operating expense that...
Subsidiary
A company for which a majority of the...
Guarantor
The legal entity and...
Collateral
Assets pledged by a borrower to secure a loan...

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