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.
Injury Analysis
Measures the effects of...
Defense Acquisition Regulatory Council (DARC)
A group composed of rep...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Small Business
A business smaller than...
Assets
The amount of current assets that is left...
Physical Loans
Funds to repair/replace dis...
Partnership
A type of unincorporated business org...
Extraordinary Items
Additional expenses that are...
Trend Analysis
A comparative analysis of...
Request for Proposal (RFP)
A document outlining a...
Working Capital (WC)
The amount of current assets that...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Coastal Barrier Resource Area (COBRA)
A flood prone area in which...
Normal Annual Sales
Those sales that would have...
Lien
A legal claim against an...

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