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.
Hardship Waiver
Method used to approve a...
Defense Contractor
Any person who enters into...
Fair and Reasonable Price
A price that is fair to both parties...
Adjusted Net Worth
Post disaster fair market value of tangible...
Phase 2
Process to be used to determine economic injury for...
Subsidiary
A company for which a majority of the...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Depreciation
A non-cash operating expense that...
Substantial Damage
This means uninsured or otherwise uncompensated...
Injury Analysis
Measures the effects of...
Guarantor
The legal entity and...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Certificate of Competency
A certificate issued by the Small Bus...
Assets
The amount of current assets that is left...

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