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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.
Per, Small Business Act, business size standards are defined by the Small Business Administration. The Small Business Administration defines size standards for each NAICS industry [PDF] to determine which businesses are eligible for its programs.er, Small Business Act, business size standards are defined by the Small Business Administration. The Small Business Administration defines size standards for each NAICS industry [PDF] to determine which businesses are eligible for its programs.