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.
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Limited Partnership
A business organization with one or...
Current Liabilities
A balance sheet item, which...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Phase 2
Process to be used to determine economic injury for...
Applicant Individual
aka who is requesting an SBA loan...
Hardship Waiver
Method used to approve a...
Acquisition
The acquiring of supplies or...
Credit Elsewhere Test (CET)
The test to determine the...
Partnering
A mutually beneficial business-to-bus...
Days Payable
A measure of the average time a...
Working Capital (WC)
The amount of current assets that...
B/E (Business EIDL) Loan
A business loan that...
Principal
the owner(s) of the Applicant Entity that...
Lien
A legal claim against an...

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