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Comments due on SBA proposal to increase size of small businesses

12/01/2020
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The SBA is requesting public comments on two proposed rules that would revise the small business size standards for businesses in eight North American Industrial Classification System (NAICS) sectors to increase small business eligibility for SBA’s loan and contracting programs. The sectors reviewed in the first proposed rule [85 FR 62239] are: Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; and Construction. The NAICS sectors reviewed in the second proposed rule [85 FR 62372"] are: Transportation and Warehousing; Information; Finance and Insurance; and Real Estate and Rental and Leasing. The SBA proposes to increase size standards for 113 industries in those sectors. Comments can be submitted on these proposed rules on or before December 1, 2020.

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