SBA increases size standards for NAICS Sector 52, Finance and Insurance, and Sector 55, Management of Companies and Enterprises

The United States Small Business Administration (SBA) has increased the receipts based small business size standards for 37 industries in North American Industry Classification System (NAICS) Sector 52, Finance and Insurance, and for two industries in NAICS Sector 55, Management of Companies and Enterprises. In addition, SBA has changed the basis for measuring size from assets to annual receipts for one industry in NAICS Sector 52, namely, NAICS 522293, International Trade Financing. Finally, the SBA has deletied NAICS 525930, Real Estate Investment Trusts, from its table of size standards. As part of its ongoing comprehensive size standards review, SBA evaluated the size standards for all industries but one in NAICS Sector 52 and Sector 55 to determine whether they should be retained or revised. The one that SBA did not review is NAICS 524126, which has a 1,500 employee standard, and SBA will review it in the near future with other employee based size standards. More than 5,400 additional firms will be small under the new size standards and eligible for SBA's loan and Federal procurement programs. You may read/download SBA's final rule at www.regulations.gov (search on RIN 3245-AG45 or SBA-2012-0015). You may also review the originally proposed rule together with all of the comments that the public had submitted by going to www.regulations.gov. The proposed rule and the comments are included in the same docket. The revised size standards are effective July 22, 2013.