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.
Electronic Data Interchange
Transmission of information bet...
Defense Contractor
Any person who enters into...
Cash Flow Test
Part of the CET that determines if...
Companion File
When an applicant has another application filed...
Collateral
Assets pledged by a borrower to secure a loan...
Amortization
A non-cash operating expense that...
Injury Period
The time period during...
Projection
An estimate of future economic or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
Normal Annual Sales
Those sales that would have...
Equity
An accounting term used to...
Break-even Analysis
A calculation of the approximate sales...
Current Liabilities
A balance sheet item, which...

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