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.
Small Disadvantaged Business Concern
A small business concern that...
Collateral
Assets pledged by a borrower to secure a loan...
Limited Partnership
A business organization with one or...
Negotiation
Contracting through the use of...
Projection
An estimate of future economic or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Capital Leases
are for the purchase of fixed assets such as...
Days Payable
A measure of the average time a...
Business Activity
The business (or loss) activity of...
GPM%
The measure of every sales dollar left...
Credit Elsewhere Test (CET)
The test to determine the...
Adjusted Net Worth
Post disaster fair market value of tangible...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Injury Period
The time period during...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.