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.
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Contract
A mutually binding legal rel..
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Request for Proposal (RFP)
A document outlining a...
Current Assets
A balance sheet item which equals...
Full and Open Competition
With respect to a contract action...
Physical Loans
Funds to repair/replace dis...
Contractor Team Arrangement
An arrangement in which...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Contracting Officer
A person with the authority to...
Emerging Small Business
A small business concern whose...
B/E (Business EIDL) Loan
A business loan that...
Capital Leases
are for the purchase of fixed assets such as...
Applicant Entity
The business entity requesting...
Partnering
A mutually beneficial business-to-bus...

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