Affiliates

Business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may include shared management or ownership; common use of facilities, equipment, and employees; or family interest.

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.
Cash-basis Accounting
records revenue when cash is...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Principal
the owner(s) of the Applicant Entity that...
GPM%
The measure of every sales dollar left...
Cash Flow Test
Part of the CET that determines if...
Injury Analysis
Measures the effects of...
Partnering
A mutually beneficial business-to-bus...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
NAICS
NAICS codes are common...
Primary Activity
The major business activity of...
Credit Score Test
Part of the home loan CET show a...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Injury Period
The time period during...
Equity
An accounting term used to...

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