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.
Companion File
When an applicant has another application filed...
Partnering
A mutually beneficial business-to-bus...
Phase 2
Process to be used to determine economic injury for...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Operating Leases
are deducted on the company’s...
Cash Flow Test
Part of the CET that determines if...
GPM%
The measure of every sales dollar left...
Physical Loans
Funds to repair/replace dis...
Credit Elsewhere Test (CET)
The test to determine the...
Applicant Entity
The business entity requesting...
Applicant/Co-Applicant
Business entity and person requesting...
Joint Venture
In the SBA Mentor-Protégé Program...
S-Corporation
A form of corporation, allowed by...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Hardship Waiver
Method used to approve a...

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