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.
Intermediary Organization
Organizations that play a funda...
Credit Elsewhere Test (CET)
The test to determine the...
Partnering
A mutually beneficial business-to-bus...
Electronic Data Interchange
Transmission of information bet...
Acquisition
The acquiring of supplies or...
Contractor Team Arrangement
An arrangement in which...
Credit Score Test
Part of the home loan CET show a...
Applicant/Co-Applicant
Business entity and person requesting...
S-Corporation
A form of corporation, allowed by...
Trend Analysis
A comparative analysis of...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Partnership
A type of unincorporated business org...
Mentor
A business, usually large, or...
Certificate of Competency
A certificate issued by the Small Bus...
Corporation (C-corp.)
The most common form of business org...

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