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.
S-Corporation
A form of corporation, allowed by...
Principal
the owner(s) of the Applicant Entity that...
Protégé
A firm in a developmental stage that...
Best and Final Offer
For negotiated procurements...
Business Activity
The business (or loss) activity of...
Emerging Small Business
A small business concern whose...
Injury Period
The time period during...
Subsidiary
A company for which a majority of the...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Credit Elsewhere Test (CET)
The test to determine the...
Depreciation
A non-cash operating expense that...
Cash Flow Test
Part of the CET that determines if...
Days Receivable
A measure of the average time a...
Mentor
A business, usually large, or...

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