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.
Contracting
Purchasing, renting, leasing, or...
Contract
A mutually binding legal rel..
Phase 1
Process used to determine the...
Full and Open Competition
With respect to a contract action...
Amortization
A non-cash operating expense that...
Small Business
A business smaller than...
Operating Leases
are deducted on the company’s...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Working Capital (WC)
The amount of current assets that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Sole Proprietor
an individual who...
Duplicated Interest
The amount of interest exp...
Limited Partnership
A business organization with one or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Joint Venture
In the SBA Mentor-Protégé Program...

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