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.
Projection
An estimate of future economic or...
Credit Score Test
Part of the home loan CET show a...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
Acquisition
The acquiring of supplies or...
Standard Industrial Classification (SIC) Code
A code representing a category within...
Current Liabilities
A balance sheet item, which...
Phase 2
Process to be used to determine economic injury for...
Cash Flow Test
Part of the CET that determines if...
Contracting Officer
A person with the authority to...
Certified 8(a) Firm
A firm owned and operated by socially and...
NAICS
NAICS codes are common...
Full and Open Competition
With respect to a contract action...
Contract
A mutually binding legal rel..
Depreciation
A non-cash operating expense that...
Credit Elsewhere Test (CET)
The test to determine the...

Get the quick rundown on SBA Loans

Join over 4,000+ small business owners already growing with us.