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.
Applicant Entity
The business entity requesting...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Extraordinary Items
Additional expenses that are...
Amortization
A non-cash operating expense that...
Days Payable
A measure of the average time a...
NAICS
NAICS codes are common...
Principal
the owner(s) of the Applicant Entity that...
Small Disadvantaged Business Concern
A small business concern that...
Subsidiary
A company for which a majority of the...
Capital Leases
are for the purchase of fixed assets such as...
Certificate of Competency
A certificate issued by the Small Bus...
Current Assets
A balance sheet item which equals...
Phase 2
Process to be used to determine economic injury for...
Intermediary Organization
Organizations that play a funda...

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