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Under the current SBA definition of a small business, you could have 1,500 employees and still be considered small. (Photo credit: Wikipedia) According to the United States Small Business Administrationâs (SBA) Office of Advocacy, 99.7 percent of all U.S. firms are small businesses.
Small business size standards, established by the SBA, define the maximum size that a company (along with its affiliates) can be to qualify as a small business. These standards are used to help determine whether your business is eligible for SBAâs small business programs, including financial assistance.Furthermore, size standards help determine which small businesses are eligible to sell to the federal government.hese standards are used to help determine whether your business is eligible for SBAâs small business programs, including financial assistance. Furthermore, size standards help determine which small businesses are eligible to sell to the federal government.