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.
Small Disadvantaged Business Concern
A small business concern that...
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Loan Authorization and Agreement (LA&A)
A contract between SBA and the borrower that...
Accrual Basis Accounting
recognizes revenues when earned and expenses are...
Fair and Reasonable Price
A price that is fair to both parties...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Trend Analysis
A comparative analysis of...
Current Assets
A balance sheet item which equals...
Depreciation
A non-cash operating expense that...
Affiliated Group
When two or more...
Balance Sheet or Statement of Financial Position
Assets = Liabilities + Equity...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
SCORE
Counselors to America's Small Bus...
Cash Flow Test
Part of the CET that determines if...

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