Web.com Small Business Tip of the Day: New Size Standards for Small Businesses - Forum.web.com
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Web.com Small Business Tip of the Day: New Size Standards for Small Businesses
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Effective July 22, 2013, more than 17,000 firms not previously eligible for SBA benefits will qualify to receive Small Business Administration aid. That’s because SBA size standards have been adjusted to include more companies. The new rule is based on market shifts, including the average size of companies, within 70 industries. For some industries, the average annual revenue size standard was increased to $35.5 million from $7 million. As a result, more small businesses will become eligible for SBA-guaranteed loans and be added to the agency’s database of firms eligible for government contracts. With the new rules, small businesses will have more room to grow without losing their government contract eligibility.

Maria Valdez Haubrich

Maria Valdez Haubrich

Maria Valdez Haubrich is Chief Liaison Officer of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. Visit her company’s blog at SmallBizDaily.com.
Maria Valdez Haubrich

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