Rule lifecycle · RIN:3245-AG16
Small Business Size Standards: Adjustment of Alternative Size Standard for SBA's 7(a) and CDC/504 Loan Programs for Inflation; and Surety Bond Limits: Adjustments for Inflation
Small Business Administration — observed across 2 documents over 202 days. Use the source documents below before deciding whether this affects your business.
In plain English
The SBA raises the dollar and employee numbers that decide which businesses count as small for its loan programs, and increases bonding limits to match rising prices. Check if your business qualifies under the new size standards for 7(a) loans, 504 loans, or bonding—you might now qualify for different loan or bond amounts.
First seen
Jul 28, 2023
Last seen
Feb 15, 2024
Latest stage
Rule
PRORULE → RULE
202d
Effective on
Monday, March 18, 2024
Stage timeline
Proposed·Jul 28, 2023
Small Business Size Standards: Adjustment of Alternative Size Standard for SBA's 7(a) and CDC/504 Loan Programs for Inflation; and Surety Bond Limits: Adjustments for Inflation
#2023-15899
Final·Feb 15, 2024
Small Business Size Standards: Adjustment of Alternative Size Standard for SBA's 7(a) and CDC/504 Loan Programs for Inflation; and Surety Bond Limits: Adjustments for Inflation
effective Mar 18, 2024#2024-02776