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.
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Substantial Damage
This means uninsured or otherwise uncompensated...
Liabilities
A financial obligation...
Partnering
A mutually beneficial business-to-bus...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Liabilities
A balance sheet item, which...
Physical Loans
Funds to repair/replace dis...
Duplicated Interest
The amount of interest exp...
NAICS
NAICS codes are common...
Current Assets
A balance sheet item which equals...
Joint Venture
In the SBA Mentor-Protégé Program...
Operating Leases
are deducted on the company’s...
Best and Final Offer
For negotiated procurements...

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