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SBA

RIN: 3245-AF41

Publication ID: Fall 2008

Title: Small Business Size Standards; Inflation Adjustment
Abstract: SBA adjusted its monetary-based size standards (e.g., receipts, net income, net worth, and financial assets) for the effect of inflation that has occurred since the last inflation adjustment in February 2002. Since the last inflation adjustment, the general level of prices has increased 8.7 percent. This action restored small business eligibility to businesses that have lost that status due to inflation. In addition, this rule changed the process for determining the size of small business concerns applying for SBA Business Loans and Economic Injury Disaster Loans (EIDL) from a test considering only the primary industry of the applicant to a two-part test to consider also the primary industry of the applicant with affiliates. This rule also changed the date on which SBA determined the size status for purpose of EIDL applications for businesses located in disaster areas declared as a result of Hurricanes Katrina, Rita, and Wilma.
Agency: Small Business Administration(SBA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 13 CFR 121
Legal Authority: 15 USC 632(a)

Legal Deadline: None

Timetable:

Action	Date	FR Cite
Interim Final Rule	12/06/2005	70 FR 72577
Interim Final Rule Comment Period End	01/05/2006
Final Action	07/18/2008	73 FR 41237

Regulatory Flexibility Analysis Required: Yes	Government Levels Affected: None
Small Entities Affected: Businesses	Federalism: No
Included in the Regulatory Plan: No
Public Comment URL: www.regulations.gov
RIN Data Printed in the FR: Yes
Agency Contact: Gary M. Jackson Division Chief, Division of Size Standards, Office of Government Contracting/Business Development Small Business Administration 409 Third Street SW, Washington, DC 20416 Phone:202 205-6618 Fax:202 205-6390 Email: gary.jackson@sba.gov