SBA Hikes Size Thresholds for Firms To Qualify as Small Businesses

摘要

The U.S. Small Business Administration is raising the minimum size for engineering, construction and other companies to be classified as "small." The agency expects the change will increase the number of firms eligible for SBA loans and set-aside contracts. SBA said on July 23 it has issued an interim final rule spelling out the various new revenue thresholds, which it says will rise by about 8% from the current levels. The new standards will take effect on Aug. 19.