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Eligibility Size Standards



Eligibility Size Standards
   

Eligibility Size Standards SBA defines a small business as one that is independently owned and operated and not dominant in its field. A small business must also meet the employment or sales standards developed by the SmallBusiness Administration and based on the North American Industry Classification System (NAICS). In general, the following criteria are used by SBA to determine if a concern qualifies as a small business and is eligible for SBA loan assistance:

* Wholesale - not more than 100 employees; * Retail or Service - Average (3 year) annual sales or receipts of not more than $6.0 million to $29.0 million, depending on business type; * Manufacturing - Generally not more than 500 employees, but in some cases up to 1,500 employees; * Construction - Average (3 year) annual sales or receipts of not more than $12.0 millionto $28.5 million, depending on the specific business type.



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Starting a business requires you to complete a number of steps and make some key decisions. Though part of your overall plan, you’ll need to select a location, decide on a business structure, and obtain the necessary licenses and permits. In addition, determining which financing options will meet your short-term needs and long-term goals is crucial. Within this section, we’ll provide information on these topics along with guidance on buying an existing business, copyright and trademark issues, and getting support from an outside expert.
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