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The Importance of a Profit and Loss Statement for Small Businesses

by Rosantina Aranda | Dec 26, 2022 | Loan Education

A profit and loss (P&L) statement, also known as an income statement, is a financial report that shows a company’s revenues, expenses, and profits over a specific period of time, usually a month or a year. The P&L statement is one of the three main...

The Importance of a Balance Sheet for Small Businesses

by Rosantina Aranda | Dec 26, 2022 | Loan Education

A balance sheet is a financial statement that provides a snapshot of a business’s financial position at a specific point in time. It is one of the three main financial statements that businesses use to report their financial performance, along with the income...

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Certified as a Disadvantaged Business Enterprise (DBE)

Certifications

DBE – Disadvantaged Business Enterprise
ESBE – Emerging Small Business Enterprise
HABE – Hispanic American Business Enterprise
HUB – Historically Underutilized Business
MBE – Minority Business Enterprise
SBE – Small Business Enterprise
WBE – Women Business Enterprise

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Copyright © 2023 Business Lending Advocate