National Association of Women Business Owners Article:
"The temporary 7(a) loan size standard will parallel the standard for the agency's 504 Certified Development Company loan, and will allow businesses to qualify based on net worth and average income. The net worth for the company and its affiliates can't be in excess of $8.5 million and average net income after federal income taxes (excluding any carry-over losses) for the preceding two completed fiscal years can't be more than $3 million. The alternate size standard is available at the offices of The Federal Register today and will be published as an interim final rule early next week."
For more information about SBA's revisions to its small business size standards, visit http://www.sba.gov/size/indexwhatsnew.html and click on
"What's New about Small Business Size Standards."