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.
SAE (Stand Alone Economic Injury Disaster Loan)
provide necessary working capital to...
Lien
A legal claim against an...
Small Business Innovative Research (SBIR) Contract
A type of contract designed to...
Working Capital (WC)
The amount of current assets that...
DBA
ex. Blocker & Sons LLC, doing business as Bob's Burgers
Current Assets
A balance sheet item which equals...
Break-even Analysis
A calculation of the approximate sales...
Days Receivable
A measure of the average time a...
Extraordinary Items
Additional expenses that are...
Contracting
Purchasing, renting, leasing, or...
Corporation (C-corp.)
The most common form of business org...
Projection
An estimate of future economic or...
Comparative Analysis
Is designed to point out significant trends that...
Days Payable
A measure of the average time a...
Normal Gross Margin
The margin that would have been...

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