Federal Register rule title page

Two years--not one--to count avg number of employees: SBA

Move affects all employee-based SBA size standards;
Also, 5-year or 3-year choice is offered for averaging receipts for size standards for seeking SBA loans

     Under a final rule effective July 6, the Small Business Administration is adopting a 24-month average to calculate a business’ number of employees to determine if the firm meets the SBA’s standards to be considered a small business in certain industries. If so, the firm is eligible for federal contracting set-asides and all of SBA’s programs.

      Previously, businesses were required to use a 12-month average for contracting eligibility. The change was passed by Congress as Section 863 of the national defense authorization for fiscal 2021.

      In addition, the SBA is allowing businesses in its Business Loan, Disaster Loan, Surety Bond, and Small Business Investment Company programs to use either a five-year averaging period--or the ...more....

     

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