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.
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Certificate of Competency
A certificate issued by the Small Bus...
B/E (Business EIDL) Loan
A business loan that...
Contract
A mutually binding legal rel..
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Lien
A legal claim against an...
Mentor
A business, usually large, or...
Companion File
When an applicant has another application filed...
Liabilities
A financial obligation...
Business Activity
The business (or loss) activity of...
Corporation (C-corp.)
The most common form of business org...
Limited Partnership
A business organization with one or...
Primary Activity
The major business activity of...
Applicant Individual
aka who is requesting an SBA loan...

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