Make sure to check your NAICS code size standards based on receipts, because SBA is increasing them across the board on August 19 to give small businesses more time to grow. On July 18, the SBA announced it will increase monetary-based industry size standards (meaning receipts-based and assets-based size standards). This change is a result of adjustments for inflation that the SBA makes every five years. These rules will go into effect August 19, 2019.
SOURCES: SBA Announces Increases to Receipts-Based Size Standards
SBA Updates All Small Mentor-Protege Template with Affiliation Questions
With little fanfare, the SBA has updated the template for agreements under the All Small Mentor-Protégé
