In a move that could allow 90,000 additional companies to participate in its loan and contracting programs, the U.S. Small Business Administration has announced it will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA’s loan and contracting programs. These adjusted size standards will become effective on Aug. 19, 2019.
The SBA is adjusting its industry-specific monetary-based size standards by nearly 8.4% to reflect the inflation that has occurred since the last adjustment for inflation in 2014. This time, the SBA is also adjusting the revenues-based size standards for agricultural industries, which were previously set by statute.
Official news release from the SBA