SBA Changes Small Business Eligibility Calculation
16 Jan, 2020
0 Comments
On January 6th, the Small Business Association (SBA) has changed how it calculates eligibility of the Small Business set-aside for companies. Previously, the SBA used a three-year revenue average to determine if a company is indeed a “small business”. The Small Business Runway Extension Act of 2018 mandated that the SBA use a five-year revenue average instead. Whether this is a good thing or a bad thing for small business remains to be seen. Those that support the new rule...