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.
Current Liabilities
A balance sheet item, which...
Certificate of Competency
A certificate issued by the Small Bus...
Injury Period
The time period during...
Substantial Damage
This means uninsured or otherwise uncompensated...
Projection
An estimate of future economic or...
Affiliate
Business concerns are affiliates if one concern...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Depreciation
A non-cash operating expense that...
Intermediary Organization
Organizations that play a funda...
Applicant/Co-Applicant
Business entity and person requesting...
Prime Contract
A contract awarded directly...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Hardship Waiver
Method used to approve a...
SCORE
Counselors to America's Small Bus...
Extraordinary Items
Additional expenses that are...

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