SBA Proposal Could Push Small Business Lending Into the Middle Market
A small business can grow itself out of federal lending eligibility long before it becomes a large company. The Small Business Administration is proposing to give some of those firms more room to grow. Its proposed standards would raise revenue and employee limits across dozens of industries, adding an estimated 114,541 businesses to the pool […] The post SBA Proposal Could Push Small Business…
The Small Business Administration (SBA) has proposed expanding the definition of a "small business" to include more companies in various industries. This move could potentially add over 114,000 businesses to the pool eligible for SBA-backed lending and federal contracting programs. By revising the standards for determining small business size, the SBA aims to provide more opportunities for growth and access to capital for middle-market firms, a segment that often finds itself between small businesses and large corporations.
Written by urgent.news from PYMNTS's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
