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.
Lien
A legal claim against an...
Certificate of Competency
A certificate issued by the Small Bus...
Adjusted Net Worth
Post disaster fair market value of tangible...
Full and Open Competition
With respect to a contract action...
Applicant/Co-Applicant
Business entity and person requesting...
Trend Analysis
A comparative analysis of...
Fair and Reasonable Price
A price that is fair to both parties...
Acquisition
The acquiring of supplies or...
Best and Final Offer
For negotiated procurements...
Break-even Analysis
A calculation of the approximate sales...
Applicant Individual
aka who is requesting an SBA loan...
Current Assets
A balance sheet item which equals...
Phase 2
Process to be used to determine economic injury for...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Companion File
When an applicant has another application filed...

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