A nonlinear small gain theorem is presented that provides a formalism for analyzing the behavior of certain control systems that contain or utilize saturation, The theorem is used to show that an iterative procedure can be derived for controlling systems in a general nonlinear, feedforward form, This result, in turn, is applied to the control of : 1) linear systems (stable and unstable) with inputs subject to magnitude and rate saturation and time delays; 2) the cascade of globally asymptotically stable nonlinear systems with certain linear systems (those that are stabilizable, right invertible, and such that all of their invariant zeros have nonpositive real part); 3) the inverted pendulum on a cart; and 4) the planar vertical takeoff and landing aircraft.