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.
Phase 2
Process to be used to determine economic injury for...
Credit Elsewhere Test (CET)
The test to determine the...
Working Capital (WC)
The amount of current assets that...
Comparative Analysis
Is designed to point out significant trends that...
S-Corporation
A form of corporation, allowed by...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Substantial Damage
This means uninsured or otherwise uncompensated...
Hardship Waiver
Method used to approve a...
Normal Annual Sales
Those sales that would have...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Prime Contract
A contract awarded directly...
Contracting
Purchasing, renting, leasing, or...
Applicant Entity
The business entity requesting...

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