SBA Increases Small Business Size Standards for All NAICS Codes

04-Oct-2019 to 19-Nov-2019

Make sure to check your NAICS code size standards based on receipts, because the SBA has increased them across the board to give small businesses more time to grow. As of August 19, the SBA increased the monetary-based industry size standards (meaning receipts-based and assetsbased size standards). This change is a result of adjustments for inflation that the SBA makes every five years. The SBA calculated that inflation increased 8.37% since the previous inflation adjustment in June 2014. The SBA said they will review these size standards again in the near future to determine whether further adjustments are needed based on industry and Federal market conditions. 

The change affects receipts-based size standards for 518 industries including those typically considered for DBE and ESB certification. For example, the size standard for Engineering Services (NAICS 541330) increased from $15 million to $16.5 million and the size standard for Highway, Street and Bridge Construction increased from $36.5 million to $39.5 million. Click here for a table of all the new size standards for each individual NAICS code. Because most small business certifications including DBE, CDOT ESB, Denver M/WBE and RTD SBE use SBA's size standards to classify a business concern as "small", some firms may now be eligible for certification and some certified firms may stay eligible for a longer period of time.