SBA Adjusts Monetary Based small business Size Standards for Inflation

The U.S. Small Business Administration (SBA or Agency) has issued an interim final rule that does the following:

• Adjusts monetary based industry size standards (i.e., receipts, assets, net worth, and net income) for inflation that has occurred since the last adjustment in 2008. These adjustments are in addition to the recent revisions that were part of the comprehensive size standards review, as mandated by the Small Business Jobs Act of 2010 (Jobs Act).

• Adjusts program based size standards, with the exception of the new alternative size standard for SBA's 7(a) and 504 loan programs that was established under the Jobs Act. The new alternative size standard will remain in effect until SBA establishes a permanent alternative size standard for the 7(a) and 504 loan programs.

• Deletes references to Surety Bond Guarantee size standards for contracts awarded in the Presidentially declared disaster areas following Hurricanes Katrina, Rita, and Wilma in 2005.

• Deletes the determination date for eligibility under the Agency's Economic Injury Disaster Loan (EIDL) Program in connection with Hurricanes Katrina, Rita, and Wilma.

• Clarifies that footnote 9 to its table of size standards is not limited to NAICS 531190, but rather applies to all industries in Industry Group 5311, Lessors of Real Estate.

These changes are effective July 14, 2014.

We invite interested parties to review the rule and submit comments. The rule explains how to submit your comments to SBA. SBA recommends that you comment through the Federal eRulemaking Portal: Regulations.gov (http://www.regulations.gov/#!home).  Follow the instructions there or in the rule for submitting your comments. SBA will not accept comments submitted by email.

You may read/download the rule at Regulations.gov (http://www.regulations.gov/#!home) (search on "RIN 3245-AG60" [without quotes]).

All comments are public.  Therefore, you may review the other comments that interested parties submit on the same site.

The period for comments closes August 11, 2014.

Important: If you participate in federal government procurement programs, either as a prime contractor or as a subcontractor, your size status may change on TBD as a result of this interim final rule. You must visit the System for Award Management (SAM) (https://www.sam.gov/portal/public/SAM/##11) and verify that your profile and certifications are up to date based on these revised size standards.