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.
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Guarantor
The legal entity and...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Current Assets
A balance sheet item which equals...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contracting Officer
A person with the authority to...
Working Capital (WC)
The amount of current assets that...
Prime Contract
A contract awarded directly...
Certificate of Competency
A certificate issued by the Small Bus...
Break-even Analysis
A calculation of the approximate sales...
Depreciation
A non-cash operating expense that...
Emerging Small Business
A small business concern whose...
Small Disadvantaged Business Concern
A small business concern that...
Contracting
Purchasing, renting, leasing, or...

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