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.
Limited Partnership
A business organization with one or...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Injury Analysis
Measures the effects of...
Current Assets
A balance sheet item which equals...
Capital Leases
are for the purchase of fixed assets such as...
Depreciation
A non-cash operating expense that...
Current Liabilities
A balance sheet item, which...
Mentor
A business, usually large, or...
Equity
An accounting term used to...
Collateral
Assets pledged by a borrower to secure a loan...
Projection
An estimate of future economic or...
Companion File
When an applicant has another application filed...
Full and Open Competition
With respect to a contract action...
SCORE
Counselors to America's Small Bus...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...

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