The Small Business Extension Act


In December the president signed the “Small Business Runway Extension Act of 2018” into law.

In order to determine if your business is consider ‘small’, the SBA currently averages the last 3 years of revenue – this is now extended to the average over 5 years.

Some businesses currently on the verge of being ineligible for ‘small’ designation could keep their designation for longer.

 The House Committee on Small Business hopes this will “help advanced-small contractors successfully navigate the middle market as they reach the upper limits of their small size standard.”

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