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.
Corporation (C-corp.)
The most common form of business org...
Lien
A legal claim against an...
Substantial Damage
This means uninsured or otherwise uncompensated...
Guarantor
The legal entity and...
GPM%
The measure of every sales dollar left...
Injury Analysis
Measures the effects of...
Current Liabilities
A balance sheet item, which...
Negotiation
Contracting through the use of...
Contracting
Purchasing, renting, leasing, or...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Primary Activity
The major business activity of...
NAICS
NAICS codes are common...
Equity
An accounting term used to...
Cash Flow Test
Part of the CET that determines if...
Physical Loans
Funds to repair/replace dis...

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