Big or Small, This SBA Definition Tweak Affects You

Jeremy Quittner | Inc.com staff  Jun 21, 2013

The Small Business Administration opened its services to thousands of additional businesses. Here's what that means for your company.

Small business" just got a whole lot bigger.

The U.S. Small Business Administration announced Friday it is increasing the amount of revenue a company can have and still qualify as small. It's part of a much-needed reassessment of size standards-- the SBA has not updated its criteria since the late 1970s--that will allow a far greater breadth of companies to benefit from government programs.