Narrow by location

SBA Issues Proposed Rule Re: Small Business Runway Extension Act

Business

By

The Small Business Administration (SBA) recently issued a much-anticipated proposed rule “to modify its method for calculating annual average receipts used to prescribe size standards for small businesses.” Specifically, consistent with the Small Business Runway Extension Act of 2018—about which we have reported extensively in previous blog posts in January 2019 and December 2018 twice—the SBA “proposes to change its regulations on the calculation of annual average receipts for all recipients-based SBA size standards and other agencies’ proposed size standards for service-industry firms from a 3-year averaging period to a 5-year averaging period.”

The proposed rule—which changes the relevant language in 13 C.F.R. §§ 121.104 and 121.903—does not provide a date by which the final rule will be issued. The proposed rule does, however, request comments from “interested parties” on:

  • “[W]hether [the SBA] should use a 5-year annual receipts average for businesses in services industries only and continue using a 3-year annual average for other businesses”; and
  • “[H]ow the use of annual average receipts over 5 years instead of 3 years would impact both smaller small businesses and more advanced, larger small businesses in terms of getting access to Federal opportunities for small businesses.”

The proposed rule states that such comments must be received by the SBA “on or before August 23, 2019.”

If you have any questions about the SBA’s proposed rule or any related issues, please feel free to contact Aron Beezley.

For more, visit www.buildsmartbradley.com.

 

Bama Legislators Say Nay to Unfair Pay

By Amanda James Turnage, Bradley Alabama passed the Clarke-Figures Equal Pay Act which will go into effect in... »

3 Benefits of Creating a Captive

From Carr, Riggs & Ingram What is a captive insurance company? This is a common question and one... »

Elevate Your Audit Committee: 5 Topics for 2019 Agendas

From Carr, Riggs & Ingram Audit committees play a vital role in overseeing the integrity of financial reporting.... »

No. 8 of the Top 10 Horrible, Terrible, No Good Mistakes Lawyers Make in Mediations

By David K. Taylor, Bradley This post is a continuation of the 10 most horrible, terrible, no good,... »

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *