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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?

 
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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?

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.

 

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