Receipts-Based Small Business Size Standards Adjusted for Inflation
Earlier this year, the Small Business Administration (SBA) increased the receipts-based business size standards for 518 industries. These adjustments were made to account for inflation that has occurred since the last adjustment in 2014. The SBA will continue to review size standards every five years, as mandated by the Small Business Jobs Act of 2010. As a reminder, size standards are the dividing line between small businesses and “other than small businesses.” When you update your entity registration in the System for Award Management (SAM), one of the many things you are attesting to is your company’s size, which determines … Read more