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.
Cash Flow Test
Part of the CET that determines if...
Break-even Analysis
A calculation of the approximate sales...
Best and Final Offer
For negotiated procurements...
Affiliate
Business concerns are affiliates if one concern...
Full and Open Competition
With respect to a contract action...
Partnering
A mutually beneficial business-to-bus...
Working Capital (WC)
The amount of current assets that...
Income Statement
Shows the entity’s income and...
Days Payable
A measure of the average time a...
Cash-basis Accounting
records revenue when cash is...
Business Activity
The business (or loss) activity of...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contractor Team Arrangement
An arrangement in which...
Certificate of Competency
A certificate issued by the Small Bus...
Liabilities
A financial obligation...

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