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.
Primary Activity
The major business activity of...
Limited Partnership
A business organization with one or...
Limited Liability Entities (company/partnership)
An LLE provides business owners with...
Certified 8(a) Firm
A firm owned and operated by socially and...
Contracting
Purchasing, renting, leasing, or...
Protégé
A firm in a developmental stage that...
Companion File
When an applicant has another application filed...
Available Asset Test
Part of the CET that determines if an applicant(s) has...
Duplicated Interest
The amount of interest exp...
Affiliated Group
When two or more...
GPM%
The measure of every sales dollar left...
Normal Annual Sales
Those sales that would have...
Fair and Reasonable Price
A price that is fair to both parties...
Working Capital (WC)
The amount of current assets that...
Adjusted Net Worth
Post disaster fair market value of tangible...

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