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.
Operating Leases
are deducted on the company’s...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Phase 2
Process to be used to determine economic injury for...
Contracting Officer
A person with the authority to...
NAICS
NAICS codes are common...
Credit Score Test
Part of the home loan CET show a...
Emerging Small Business
A small business concern whose...
Liabilities
A financial obligation...
Applicant/Co-Applicant
Business entity and person requesting...
Assets
The amount of current assets that is left...
Small Business
A business smaller than...
Current Liabilities
A balance sheet item, which...
Projection
An estimate of future economic or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Subcontract
A contract between a prime cont...

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