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News & Press: Arizona Business News Updates

Small Business Loans Get Bigger

Monday, March 28, 2011   (0 Comments)
Posted by: Whitney Fletcher
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What's "small" in some small businesses should be redefined so more companies can take advantage of federal programs, the U.S. Small Business Administration says.

The proposal, published Wednesday in The Federal Register and available for public comment, looks to expand the revenue-based size definition of small businesses in 36 industries.

The changes would allow some 9,450 additional companies close to exceeding the size threshold for their respective industry keep small-business status and access to federal assistance programs and contracts, according to the SBA.

To read more click here.

*The definition of "small business" is proposed to change, per the U.S. Small Business Administration. The SBA is looking to increase the revenue-based size definition of small businesses, increasing the limit for annual receipts to $7 million. For more information, read this article from The Street.


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