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.
Trend Analysis
A comparative analysis of...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Normal Gross Margin
The margin that would have been...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Amortization
A non-cash operating expense that...
Applicant Entity
The business entity requesting...
Physical Loans
Funds to repair/replace dis...
Applicant Individual
aka who is requesting an SBA loan...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contractor Team Arrangement
An arrangement in which...
Standard Industrial Classification (SIC) Code
A code representing a category within...
S-Corporation
A form of corporation, allowed by...
P&L (Profit and Loss Statement)
also considered as Income Statement or...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Days Payable
A measure of the average time a...

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