SBA Updates Monetary-Based Small Business Size Standards

The U.S. Small Business Administration (SBA) has issued a final rule that adjusts monetary-based small business size standards for inflation. The rule finalizes the Agency’s December 6, 2005 interim final rule that also amended monetary-based small business size standards for inflation. However, this rule adds an additional 8.7 percent to account for inflation that has occurred since then.

The December 6, 2005 interim final rule increased SBA’s most common size standard for the retail trade and services industries (referred to as the "nonmanufacturer anchor size standards") from $6.0 million in average annual receipts to $6.5 million. This rule further increases the nonmanufacturer anchor size standard to $7.0 million.

This rule also increases other monetary-based size standards proportionately. For example, the interim final rule increased the size standard for Computer Systems Design Services (NAICS 541512) from $21 million to $23 million. This rule increases that industry’s size standard to $25.0 million. These changes became effective August 18, 2008.

Click here to read the Federal Register notice. You can also review an updated table of size standards at the E-CFR web site.

Also, the SBA has revised the small business size standards for Heating Oil Dealers and Liquified Petroleum Gas Dealers. The final rule revises the standard for North American Industry Classification System (NAICS) code 454311, Heating Oil Dealers, from $11.5 million in average annual receipts to 50 employees; and it revises the size standard for NAICS code 454312, Liquefied Petroleum Gas (Bottled Gas) Dealers, from $6.5 million in average annual receipts to 50 employees.

Click here to review the Federal Register notice on this change.