Belmont University

More on What is a Small Business

The SBA has another interesting twist in their definition of what is a small business. If you were a small business in the past you might still be considered a small business as it relates to government contracts and programs. The SBA "grandfathers" businesses for up to five that used to be considered small businesses under their vast array of categories and criteria. Small business owners have voiced their displeasure with this rule as reported at NFIB.


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