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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.
Updated February 26, 2016. To help small business owners assess their small business status, SBA has established a Table of Small Business Size Standards (pdf file/excel file), which is matched to the North American Industry Classification System (NAICS) for industries. The current table of size standards is based on the 2012 NAICS.