Affiliate

Business concerns are affiliates if one concern controls or has the power to control another, or if a third party controls or has the power to control both. Generally, an affiliate may be any concern of which the applicant, or its principals, owns greater than 50 percent or more.

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.
Income Statement
Shows the entity’s income and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Applicant Entity
The business entity requesting...
Guarantor
The legal entity and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Primary Activity
The major business activity of...
Lien
A legal claim against an...
Hardship Waiver
Method used to approve a...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting Officer
A person with the authority to...
Liabilities
A financial obligation...
GPM%
The measure of every sales dollar left...
Full and Open Competition
With respect to a contract action...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...

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