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...
Principal
the owner(s) of the Applicant Entity that...
Subcontract
A contract between a prime cont...
Mentor
A business, usually large, or...
Injury Period
The time period during...
Partnering
A mutually beneficial business-to-bus...
Contract
A mutually binding legal rel..
Liabilities
A financial obligation...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Full and Open Competition
With respect to a contract action...
Companion File
When an applicant has another application filed...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Affiliates
Business concerns, organizations, or...
Projection
An estimate of future economic or...
Sole Proprietor
an individual who...

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