SBA Proposes New Size Standards Rule

Synopsis: On March 19, 2004, the Small Business Administration (“SBA”) issued a proposed rule, which modifies the small business standards by measuring size in terms of number of employees rather than average annual receipts for most industries and SBA programs. Size standards range from 50 to 1,500 employees depending on the applicable industry or SBA program. For a limited number of industries, SBA retains a maximum average annual receipts amount, which is used along with an employee-based size standard…

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