Earlier this year, the government revised size standards for health care firms, social assistance companies and those in the transportation and warehousing sectors. The moves were authorized under the Small Business Jobs Act of 2010.
Among the SBA’s most recent proposals: Basing size standards for six industries dealing with electric power, distribution and transmission on the size of a company’s work force, not its revenue. The SBA estimates that would make as many as 400 utilities firms eligible for its programs.
In the arts, entertainment and recreation sector, the SBA proposed raising the amount of revenue that a company can have and still qualify as a small business. For example, sports teams would be able to book $35.5 million in revenue, about five times what they can show under current rules. The SBA estimates that as many as 1,450 additional companies in the sector could be considered small businesses if the change takes effect.
Revenue thresholds also were lifted in two construction industries. Companies involved in dredging and surface cleanup could bring in $30 million in revenue, up from $20 million. The new limit could give 400 more companies SBA-loan eligibility, the agency says.
The proposed changes are subject to public comment prior to being adopted. You can see the proposals and comments at www.regulations.gov . Search for Rule Identification Number (RIN) 3245-AG25 for
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