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SBA revises size standards

News | April 1, 2016 | By:

The U.S. Small Business Administration (SBA) increased small business size standards affecting businesses in 46 industries in North American Industry Classification System (NAICS) Sector 42, Wholesale Trade, and in one industry in Sector 44-45, Retail Trade.

SBA retained the current size standards for the remaining industries in those sectors. The revised size standards would define the maximum number of employees a firm in these industries could have and still be a small business.

The revisions primarily affect the eligibility for SBA’s financial assistance programs and, under the revised size standards, nearly 4,000 more firms will become eligible for SBA’s loan programs.

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