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SBA Small Business Tool: Size Standards Tool: Small Business Resource

July 20th, 2012 ::

SBA Small Business Tool
To qualify for certain small business programs or to obtain prime or subcontracting opportunities from federal, state and local governments, your small business must meet size requirements outlined by the Small Business Administration (SBA). The SBA has recently launched an online tool to help you determine if your business meets those requirements. The industry you’re in helps to determine whether or not you are a small business, so the first step is entering your six-digit NAICS Code(s). Don’t know it? No worries; the SBA has a link to help you find the right code. You’ll then be asked for your business’s average annual revenue over the last three years. That’s all there is to it: You’ll get a yes or no answer as to whether or not your business is considered “small” and also learn what the size standard is for your industry.

 

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