In the U.S., the Small Business Administration (SBA) is a federal agency that is tasked with both defining and helping small businesses. What does unlimited liability mean? The SBA’s classification of small businesses varies according to industry. The SBA maintains an extensive list of small business size standards that shows the maximum requirements to remain classified as a small business in each sector and subsector. According to the U.S. Small Business Administration, the United States has more than 30 million small businesses that employ 47.1% of the private workforce.. But the relatively low $35,000 loan limit suggests that the program is geared toward very small … But what exactly do these small businesses look like? The 7(a) general small business loans program is the Small Business Administration‘s (SBA) most common loan program. The SBA uses the number of employees to define business size for some retail trade subsectors and revenue for other subsectors. The Small Business Administration (SBA) is an autonomous U.S. government agency established in 1953 to bolster and promote the economy in general by providing assistance to small businesses. This option does not apply to not-for-profits or veterans organizations.   Kiva allows lenders to contribute just a … The SBA's primary business loan program is the 7(a) General Business Loan Guaranty Program. If you consider yourself a small business owner, then odds are you probably do run a small business. This option does not apply to not-for-profits or veterans organizations. Through FY2009, over 112,500 awards have been made totaling greater than $26.9 billion. First, it organizes companies according to NAICS codes The SBA is authorized by the Small Business Act, which was established to help small businesses compete. The U.S. Small Business Administration (SBA) was created by Congress in 1953 as an independent agency of the federal government. The problem in providing specifics when trying to define small and medium enterprises, is that no one can agree on a single description. A small business is a privately owned company in the legal form of a corporation, partnership, or sole proprietorship. What are enterprise zones? We are a value-driven company with a passion for helping small businesses succeed. The maximum number of employees ranges from 500 to 1,500 depending on the type of publisher, though for software publishers, a small business is any company with at most $38.5 million in revenue. economy." A small business is defined ‘either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years.' The primary factor in determining whether a business is a small business is a measure of either revenue or employees. Despite the ubiquity of the term “small business,” the U.S. Small Business Administration (SBA) definition of a small business is not the same for any two industries. SBA defines industry specific size standards based on the average number of employees over the past 12 months or average annual receipts over the past three years categorized using the North American Industry Classification System (NAICS) codes. A maximum of $7.5 million to $38.5 million in average annual receipts. All Rights Reserved. The maximum annual revenue that a healthcare or social assistance company can make to qualify as a small business ranges, based on subsector, from $7.5 million to $38.5 million. The SBA, for most industries, defines a “small business” either in terms of the average number of employees over the past 12 months, or average annual receipts over time. 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