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.
Lien
A legal claim against an...
Guarantor
The legal entity and...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contractor Team Arrangement
An arrangement in which...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Phase 2
Process to be used to determine economic injury for...
Cash Flow Test
Part of the CET that determines if...
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Primary Activity
The major business activity of...
Working Capital (WC)
The amount of current assets that...
Current Assets
A balance sheet item which equals...
Credit Score Test
Part of the home loan CET show a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Small Business
A business smaller than...

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