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SBA small business size standard revisions expand eligibility for firms


The U.S. Small Business Administration issued four final rules to modify revenue-based small business size standards in 16 North American Industrial Classification System sectors, a change the agency said will increase small business eligibility for the SBA’s federal contracting and loan programs for approximately 59,000 additional firms. The final rules are part of the second five-year review of size standards, as required under the Small Business Jobs Act of 2010. Additionally, the SBA estimates that the four final rules will create contracting opportunities estimated at $1 billion for 844 newly qualified small businesses and extend 96 additional 7(a) and 504 loans to newly qualified small businesses worth nearly $45 million. More information about the SBA’s revisions to its small business size standards can be found under “announcements about updating size standards” at www.sba.gov/size.

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