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.
Principal
the owner(s) of the Applicant Entity that...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Best and Final Offer
For negotiated procurements...
Contracting
Purchasing, renting, leasing, or...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Trend Analysis
A comparative analysis of...
Assets
The amount of current assets that is left...
Full and Open Competition
With respect to a contract action...
Electronic Data Interchange
Transmission of information bet...
Subcontract
A contract between a prime cont...
Guarantor
The legal entity and...
Hardship Waiver
Method used to approve a...
Small Business
A business smaller than...
Request for Proposal (RFP)
A document outlining a...

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