Small Business Administration

ALERT: SBA Issues Final Rule on Small Business Runway Extension ActThe U.S. Small Business Administration (SBA), in accordance with the Small Business Runway Extension Act of 2018, recently issued its much-anticipated final rule to modify its method for calculating average annual receipts used to prescribe size standards for small businesses.

Here are the key takeaways from SBA’s final rule:

  • SBA is changing its regulations on

SBA Proposes Merging 8(a) and All Small Mentor-Protégé ProgramsThe Small Business Administration (SBA) recently issued a proposed rule “to merge the 8(a) Business Development (BD) Mentor-Protégé Program and the All Small Mentor-Protégé Program to eliminate confusion and remove unnecessary duplication of functions within SBA.”

What are the purposes of the programs?

The mentor-protégé program currently available to companies participating in the 8(a) BD