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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 define the largest that a business concern, together with its affiliates, may be and yet qualify as a small business concern for SBA and most other federal programs. SBA has established two widely used size standards â 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries.