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.
Credit Elsewhere Test (CET)
The test to determine the...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Days Receivable
A measure of the average time a...
Operating Leases
are deducted on the company’s...
Full and Open Competition
With respect to a contract action...
Normal Annual Sales
Those sales that would have...
Acquisition
The acquiring of supplies or...
Substantial Damage
This means uninsured or otherwise uncompensated...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Contractor Team Arrangement
An arrangement in which...
Certified 8(a) Firm
A firm owned and operated by socially and...
SCORE
Counselors to America's Small Bus...
Hardship Waiver
Method used to approve a...
Joint Venture
In the SBA Mentor-Protégé Program...

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