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.
Standard Industrial Classification (SIC) Code
A code representing a category within...
Credit Elsewhere Test (CET)
The test to determine the...
Normal Gross Margin
The margin that would have been...
Small Disadvantaged Business Concern
A small business concern that...
Joint Venture
In the SBA Mentor-Protégé Program...
Assets
The amount of current assets that is left...
S-Corporation
A form of corporation, allowed by...
Applicant/Co-Applicant
Business entity and person requesting...
Substantial Damage
This means uninsured or otherwise uncompensated...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Normal Annual Sales
Those sales that would have...
Days Payable
A measure of the average time a...
Negotiation
Contracting through the use of...
Working Capital (WC)
The amount of current assets that...
Operating Leases
are deducted on the company’s...

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