Size Payment License For Free

Federal Contracting Officers are required to assign a NAICS code to every procurement. Example: The Contracting Officer assigns NAICS code 541519, ?Other Computer Related Services,? to a solicitation. NAICS code 541519 has a size standard of $30 million.

SBA agrees with commenters that its proposal to increase the size standard for NAICS 541330 from $16.5 million to $22.5 million will help small businesses in the industry, especially those near the size standard, to retain access to SBA's procurement and financial assistance programs for a longer period.

SBA states that when determining your business' size for an employee size standard, you calculate the average number of employees based upon the ?numbers of employees for each of the pay periods for the preceding completed 24 calendar months.? This includes employees of any domestic and foreign affiliates.

NAICS 541990 (All Other Professional, Scientific and Technical Services) from $16.5 million to $17 million.

The Jobs Act also established for applicants for the SBA's Business Loan Programs an interim alternative size standard of not more than $15 million in tangible net worth and of not more than $5 million in the average net income after Federal income taxes (excluding any carry-over losses) of the applicant for the two ...

Meet size standards The SBA assigns a size standard to each NAICS code. Most manufacturing companies with 500 employees or fewer, and most non-manufacturing businesses with average annual receipts under $7.5 million, will qualify as a small business. However, there are exceptions by industry.

General requirements Be a for-profit business of any legal structure. Be independently owned and operated. Not be nationally dominant in its field. Be physically located and operate in the U.S. or its territories.