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Small Business Size Standards: Inflation Adjustment to Monetary Based Size Standards

SBA · final-rule · Published 2014-06-12 · Effective 2014-07-14 · 79 FR 33647

Document

Document number
2014-12868
Federal Register citation
79 FR 33647
CFR reference
13 CFR 121
Type
Rule
Action
Interim Final Rule with request for comments.
Category
final-rule
Agency
US Small Business Administration
Publication date
2014-06-12
Effective date
2014-07-14

Abstract

The U.S. Small Business Administration (SBA or Agency) is adjusting the monetary based industry size standards (i.e., receipts, assets, net worth, and net income) for inflation that has occurred since the last adjustment in 2008. These adjustments are in addition to the recent revisions to size standards as part of the current comprehensive size standards review, as mandated by the Small Business Jobs Act of 2010 (Jobs Act). Also adjusted for inflation are program based size standards, with the exception of the new alternative size standard for SBA's 7(a) and 504 loan programs that was established under the Jobs Act. The new alternative size standard will remain in effect until SBA establishes a permanent alternative size standard for the 7(a) and 504 loan programs. SBA is also deleting references to Surety Bond Guarantee size standards for contracts awarded in 2005 in the Presidentially declared disaster areas following Hurricanes Katrina, Rita, and Wilma. In addition, SBA is deleting the determination date for eligibility under the Agency's Economic Injury Disaster Loan (EIDL) Program in connection with the same 2005 hurricanes. Finally, SBA is clarifying that footnote 9 to its table of size standards is not limited to NAICS 531190, but rather applies to all industries in Industry Group 5311, Lessors of Real Estate.

Source

Authoritative
Federal Register document
Machine
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