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.
Prime Contract
A contract awarded directly...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Depreciation
A non-cash operating expense that...
Primary Activity
The major business activity of...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Sole Proprietor
an individual who...
Capital Leases
are for the purchase of fixed assets such as...
Income Statement
Shows the entity’s income and...
Phase 2
Process to be used to determine economic injury for...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Contract
A mutually binding legal rel..
Credit Elsewhere Test (CET)
The test to determine the...
Assets
The amount of current assets that is left...
Intermediary Organization
Organizations that play a funda...
Companion File
When an applicant has another application filed...

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