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.
B/E (Business EIDL) Loan
A business loan that...
Capital Leases
are for the purchase of fixed assets such as...
Subcontract
A contract between a prime cont...
Partnership
A type of unincorporated business org...
Applicant Individual
aka who is requesting an SBA loan...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Sole Proprietor
an individual who...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...
Amortization
A non-cash operating expense that...
Limited Partnership
A business organization with one or...
Trend Analysis
A comparative analysis of...
Cash Flow Test
Part of the CET that determines if...

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