SBA Hikes Size Thresholds for Firms to Qualify as Small Businesses

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Article by Tom Ichniowski, ENR

The U.S. Small Business Administration is raising the minimum size for engineering, construction and other companies to be classified as “small,” a move that the agency expects will increase the number of firms eligible for SBA loans and set-aside contracts.

SBA said on July 23 that 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."

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