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
Affiliated Group
When two or more...
Cash Flow Test
Part of the CET that determines if...
Current Liabilities
A balance sheet item, which...
Companion File
When an applicant has another application filed...
Affiliates
Business concerns, organizations, or...
Primary Activity
The major business activity of...
Comparative Analysis
Is designed to point out significant trends that...
Contract
A mutually binding legal rel..
NAICS
NAICS codes are common...
Negotiation
Contracting through the use of...
Assets
The amount of current assets that is left...
Mentor
A business, usually large, or...
Contracting
Purchasing, renting, leasing, or...
Duplicated Interest
The amount of interest exp...

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