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.
Physical Loans
Funds to repair/replace dis...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Liabilities
A financial obligation...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Contracting Officer
A person with the authority to...
Emerging Small Business
A small business concern whose...
NAICS
NAICS codes are common...
Applicant/Co-Applicant
Business entity and person requesting...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
B/E (Business EIDL) Loan
A business loan that...
Credit Score Test
Part of the home loan CET show a...
Projection
An estimate of future economic or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Full and Open Competition
With respect to a contract action...
Electronic Data Interchange
Transmission of information bet...

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