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SBA looking to increase size standard for transportation and warehousing

If you are in the transportation or warehousing industry, it might interest you to know that the SBA has recently started a process of increasing the size standards to define “small business” and thus who they help get loans. In 2007, the SBA started to review the existing size standards based on industry specific data, and update them. Because these standards had not been reviewed in as many as 25 years, there are several industries that will see a change in how small business is defined. These changes are to more accurately reflect market conditions, and current economic conditions for each industry. The Small Business Jobs Act of 2010 only reiterated the importance of updating the size standards, and so SBA will continue to do so.

What does this mean for you? If you are part of 22 industries in the transportation and warehousing sector, you might benefit from the changes in size standards. The SBA is currently evaluating market data and the conditions of the marketplace, and prosing several changes to better reflect those conditions. These changes are increased to the revenue based size standard previously set by SBA.

If you are close to exceeding the current size standard, you may find that these changes benefit you immensely, allowing you to keep your current small business eligibility, and thus be eligible for SBA financial assistance, and SBA guaranteed loans and funding. Why would the federal government allow this to happen? What is in it for them? By increasing the revenue based size standard they widen the pool for small business procurement opportunities, and thus as many as 1200 additional firms will become eligible for SBA programs. This is great for you and SBA. How can you know if you are one of the 22 industries affected? Here is the list:
1. 481219 Other Non Scheduled Air Transportation
2. 485111 Mixed Mode Transit Systems
3. 485112 Commuter Rail Systems
4. 485113 Bus and Other Motor Vehicle Transit Systems
5. 485119 Other Urban Transit Systems
6. 485210 Interurban and Rural Bus Transportation
7. 485310 Taxi Service
8. 485320 Limousine Service
9. 485410 School and Employee Bus Transportation
10. 485510 Charter Bus Industry
11. 485991 Special Needs Transportation
12. 485999 All Other Transit and Ground Passenger Transportation
13. 486210 Pipeline Transportation of Natural Gas
14. 488111 Air Traffic Control
15. 488119 Other Airport Operations
16. 488190 Other Support Activities for Air Transportation
17. 488210 Support Activities for Rail Transportation
18. 488310 Port and Harbor Operations
19. 488320 Marine Cargo Handling
20. 488330 Navigational Services to Shipping
21. 488390 Other Support Activities for Water Transportation
22. 488510 Freight Transportation Arrangement

The comments for the ruling as to whether or not this size increase should be passed are accepted until July 13, 2011, or via post to:
Khem R. Sharma
Chief, Size Standards Division,
409 3rd St., SW
Mail Code 6530
Washington, DC 20416

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