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.
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Substantial Damage
This means uninsured or otherwise uncompensated...
Normal Gross Margin
The margin that would have been...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Duplicated Interest
The amount of interest exp...
Phase 1
Process used to determine the...
Current Assets
A balance sheet item which equals...
Contract
A mutually binding legal rel..
Cash Flow Test
Part of the CET that determines if...
Subsidiary
A company for which a majority of the...
Break-even Analysis
A calculation of the approximate sales...
Acquisition
The acquiring of supplies or...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Comparative Analysis
Is designed to point out significant trends that...

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