A profit and loss statement, or P&L, has many other names. It is known as a statement of operations, earnings states, expense statement, and income statement. A P&L shows all of the company’s revenue and expenses over a given period. It shows you exactly...
What is an SBA Loan? SBA stands for Small Business Association, a U.S. Government agency that was established in 1953. It’s designed to boost the economy by helping small businesses get started or grow. An SBA loan does not come from the SBA directly, it’s...
What is the difference between a line of credit and a term loan? Both provide your business with the cash you need to grow your business, but they are pretty different. Line of Credit A line of credit for a business is similar to a personal credit card system. It is a...
One of the most beneficial things a small business owner can do is set themselves up for success in the early stages of their business. By creating a mantra of success, business owners have a more remarkable ability to manifest the ideal needed to remain or increase...
A DBA stands for “doing business as.” It is your company’s trade name or fictitious name. You can have as many DBAs as you like. They must be registered with your local county office, or you cannot operate under this name. Be sure your fictitious...
