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.
Subsidiary
A company for which a majority of the...
Substantial Damage
This means uninsured or otherwise uncompensated...
Normal Annual Sales
Those sales that would have...
Defense Contractor
Any person who enters into...
Negotiation
Contracting through the use of...
Schedule of Liabilities
A business debt schedule that lists all of the debts...
Affiliate
Business concerns are affiliates if one concern...
Capital Leases
are for the purchase of fixed assets such as...
Economic Injury Disaster Loan (EIDL)
a working capital loan that...
B/E (Business EIDL) Loan
A business loan that...
Trend Analysis
A comparative analysis of...
Comparative Analysis
Is designed to point out significant trends that...
Small Business Development Centers (SBDC)
SBDCs offer a broad spec...
Duplicated Interest
The amount of interest exp...
Certificate of Competency
A certificate issued by the Small Bus...

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