Small Business Size Standards
Key claim: The Small Business Administration is proposing new size thresholds for 338 industries that would change which companies count as small businesses and thus who can get SBA loans, federal contracting set-asides, and related benefits.
Abstract
(Proposed Rule · Small Business Administration) The U.S. Small Business Administration (SBA or the Agency) is proposing new size standards for 338 industry groups and industries. The new size standards are designed to better reflect the nature of the markets in which small businesses compete. SBA seeks comments on its proposed changes to size standards.
Why this matters
The Small Business Administration is proposing new size thresholds for 338 industries that would change which companies count as small businesses and thus who can get SBA loans, federal contracting set-asides, and related benefits.