Defense Acquisition Regulatory Council (DARC)

A group composed of representatives from each Military department, the Defense Logistics Agency, and the National Aeronautics and Space Administration and that is in charge of the Federal Acquisition Regulation (FAR) on a joint basis with the Civilian Agency Acquisition Council (CAAC).

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.
Comparative Analysis
Is designed to point out significant trends that...
Contracting
Purchasing, renting, leasing, or...
Normal Gross Margin
The margin that would have been...
Guarantor
The legal entity and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Capital Leases
are for the purchase of fixed assets such as...
Cash-basis Accounting
records revenue when cash is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
S-Corporation
A form of corporation, allowed by...
Joint Venture
In the SBA Mentor-Protégé Program...
Extraordinary Items
Additional expenses that are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Cash Flow Test
Part of the CET that determines if...
Lien
A legal claim against an...
Corporation (C-corp.)
The most common form of business org...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.