SBA Adjusts Size Standards to Expand Lending, Contracting

Vermont District Office  - July 23, 2019

u s small business administration

SBA Adjusts Size Standards to Expand Lending, Contracting

The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was published in the Federal Register on July 18, 2019.

The SBA is adjusting its industry-specific monetary-based size standards by nearly 8.4% to reflect the inflation that has occurred since the last adjustment for inflation in 2014. This time, the SBA is also adjusting the revenues-based size standards for agricultural industries, which were previously set by statute. These adjusted size standards will become effective on Aug. 19, 2019 and will be reviewed again as part of the second five-year review of size standards mandated by the Small Business Jobs Act of 2010.

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Save the Date: Sept 16 SBIR Road Tour

The SBIR Road Tour is coming to Burlington Sept. 16 to convey the non-dilutive, technology funding opportunity provided through the Small Business Innovation Research and Small Business Technology Transfer programs.

Program managers from 16 participating agencies representing over $3 billion in early stage funding will participate in a one day event alongside technology entrepreneurs and state innovation ecosystem members.

For more information, email Nick.Grimley@vermont.gov.

Speed Mentoring Workshop July 25

SCORE is hosting a Speed Mentoring workshop at 5:30 p.m. July 25 at the South Burlington Public Library, 155 Dorset Street, in South Burlington. Take the opportunity to briefly (5-10 minutes) sit down with various Vermont SCORE mentors to ask questions about a business or business idea. After that period is up, attendees will be instructed to move to the next mentor and continue.

Mentors participating:

- Denise Dukette, Marketing, Digital Marketing, Social Media

- Louise Coles & Aung Htet, Startup Specialists, Product Development, Shipping & Logistics

- Steve Greenfield, Finance, Funding & Marketing

- Dave Mount, Human Resources, Accounting & Finance

- John Louchheim & Wayne LaFountain, Sales & Marketing, Professional Services & Technology-based Businesses

Workshop is free, but registration is required. Register here.