Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
November 4, 2020
Question

I'm submitting my profit loss sheet for an SBA 7a loan (real estate) and wanted to know if the report produced in Quickbooks Self-employed is sufficient for SBA loan app?

  • November 4, 2020
  • 1 reply
  • 0 views
No text available

1 reply

Adrian_A
Level 8
November 4, 2020

Yes. It is sufficient, trippjb3.

 

The Small Business Administration requires self-employed businesses to provide an income report. 

 

 You can calculate your income by accessing your profit and loss document, which is a statement showing all of the funds accumulated throughout the year. Here's how:

 

1. In QuickBooks, go to Reports.

2. Download the Profit and Loss report.

 

You can find more information about the PPP loan requirements on the SBA's overview page: Paycheck Protection Program Overview.

 

I'm just around if there's anything that I can help. Keep safe!