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.
Partnership
A type of unincorporated business org...
Small Business
A business smaller than...
Guarantor
The legal entity and...
Adjusted Net Worth
Post disaster fair market value of tangible...
Extraordinary Items
Additional expenses that are...
NAICS
NAICS codes are common...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Assets
The amount of current assets that is left...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Small Disadvantaged Business Concern
A small business concern that...
Subcontract
A contract between a prime cont...
Emerging Small Business
A small business concern whose...
Projection
An estimate of future economic or...
Fair and Reasonable Price
A price that is fair to both parties...
Negotiation
Contracting through the use of...

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