Effective August 19, 2019, the Small Business Administration (“SBA”) has updated and increased the monetary-based size standards (i.e. receipts-based and assets-based size standards). The SBA announced this change back in July, and explained that the standards were being changed solely to account for inflation. Pursuant to the Small Business Jobs Act of 2010, the SBA reviews the size standards every five years and makes any necessary inflation-based adjustments. The SBA also has the power to revise the size standards to account for changes in industry structure and federal market conditions.
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