Small Business Size Standards: A Historical Analysis of Contemporary Issues

July 18, 2018

Small business size standards are of congressional interest because they have a pivotal role in determining eligibility for Small Business Administration (SBA) assistance as well as federal contracting and, in some instances, tax preferences. Although there is bipartisan agreement that the nation’s small businesses play an important role in the American economy, there are differences of opinion concerning how to define them. The Small Business Act of 1953 (P.L. 83- 163, as amended) authorized the SBA to establish size standards to ensure that only small businesses receive SBA assistance. The SBA currently uses two types of size standards to determine SBA program eligibility: industry-specific size standards and alternative size standards based on the applicant’s maximum tangible net worth and average net income after federal taxes.

Spotlight

Trellus

At Trellus we are a team of business owners who created a service to assist small retail and home-based businesses compete with the fast growing online ecommerce delivery business. Trellus has created an integrated same-day delivery system. We understand the importance of the small and home based businesses in our community and want to support local by keeping jobs, sales and services in our community. Our local businesses owners are most often locals and we want to help keep small and home based business alive. There has never been a more urgent time in our history where businesses need to adapt to current conditions. We are here to help you get your products to your customers SAME DAY!

OTHER WHITEPAPERS
news image

Cash Management in Retail

whitePaper | June 28, 2021

For all the discussion about cash disappearing due to the rise in mobile and card payments, cash still remains a popular form of payment. According to the Federal Reserve’s latest consumer payment findings, consumers use cash to pay for nearly one-third of retail transactions,making cash handling a critical part of managing a retail operation.

Read More
news image

How to boss your business plan

whitePaper | May 23, 2021

A business plan is a great way to keep track of operations, understand your finances, and boost profitability.To get started, use our guide on how to write a business plan. It gives you clear advice on what to include in your plan with tips on time saving, maximising cash flow and using financial insights to your advantage.

Read More
news image

COVID-19, Remote Working andCyber Attacks

whitePaper | April 4, 2020

Key Considerations for Small and Mid-size Businesses In small and mid-size businesses, the main roadblock is often a lack of understanding of what needs to be done now around security to ensure sufficient protection, and how priorities must be set in the current climate in support of the digital, mobile and cloud-based enterprise

Read More
news image

Big cyber security questions for small business

whitePaper | April 2, 2021

The 2021 State of Cyber Fitness in Australian small businesses white paper explores new data on the security challenges that Australian small business owners face following a year where their reliance on technology grew exponentially.

Read More
news image

Small Business Planning During COVID-19

whitePaper | April 2, 2020

This report by the IMA® (Institute of Management Accountants) Small Business Committee shares professional insight to help small businesses respond to the coronavirus emergency. With an emphasis on cash flows considerations, the report provides guidance on how small businesses can apply a three-step assess-build-communicate (ABC) recovery planning framework which includes:

Read More
news image

Small BusinessFinance Markets2020/21

whitePaper | April 1, 2021

Our unique position at the intersection of government and financial markets enables us to identify and reduce imbalances in access to finance; create a more diverse market; and increase the supply of finance for the entrepreneurs and business owners at the very heart of the British economy.

Read More

Spotlight

Trellus

At Trellus we are a team of business owners who created a service to assist small retail and home-based businesses compete with the fast growing online ecommerce delivery business. Trellus has created an integrated same-day delivery system. We understand the importance of the small and home based businesses in our community and want to support local by keeping jobs, sales and services in our community. Our local businesses owners are most often locals and we want to help keep small and home based business alive. There has never been a more urgent time in our history where businesses need to adapt to current conditions. We are here to help you get your products to your customers SAME DAY!

Events