Federal Acquisition Regulation (FAR)

The body of regulations which is the primary source of authority governing the government procurement process. The FAR, which is published as Chapter 1 of Title 48 of the Code of Federal Regulations, is prepared, issued, and maintained under the joint auspices of the Secretary of Defense, the Administrator of General Services Administration, and the Administrator of the National Aeronautics and Space Administration. Actual responsibility for maintenance and revision of the FAR is vested jointly in the Defense Acquisition Regulatory Council (DARC) and 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.
Certificate of Competency
A certificate issued by the Small Bus...
Normal Gross Margin
The margin that would have been...
Affiliate
Business concerns are affiliates if one concern...
Days Payable
A measure of the average time a...
Affiliates
Business concerns, organizations, or...
Defense Contractor
Any person who enters into...
Comparative Analysis
Is designed to point out significant trends that...
Days Receivable
A measure of the average time a...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
NAICS
NAICS codes are common...
Contract
A mutually binding legal rel..
Contracting Officer
A person with the authority to...
Federal Acquisition Regulation (FAR)
The body of regulations which is...
Operating Leases
are deducted on the company’s...
Normal Annual Sales
Those sales that would have...

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