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Should Small Businesses Be Allowed to Be Bigger? For those who don't read the fine print on the Small Business Administration's website, the agency has proposed increasing the size definitions for small businesses in 71 business sectors, mostly within retail industries. It's the first proposed rule change on qualifying size since 1984.Why should you care? It means bigger businesses would still qualify for SBA loans and other federal assistance to small business. Now, is that a good thing or a bad thing? I'm of two minds. On the one hand, small businesses that are succeeding tend to grow bigger. Should they be penalized for that success by not having access to SBA loans anymore? On the other hand, if the category of qualified businesses gets bigger, it'll likely mean fewer loans for smaller small businesses--and those are the ones that usually have the hardest time finding capital, particularly as they launch. And if companies are growing and succeeding, shouldn't they be able to go out and get traditional loans without the SBA's backing? Personally, I liked the analysis of Small Business Trends executive editor Anita Campbell, who opined last week that the SBA should stop tinkering with its arcane list of hundreds of various qualifying size standards and instead establish a single size standard that would apply across all business categories. Whether you think the size-change proposal is good or bad, you've got until Dec. 21 to weigh in. Visit www.regulations.gov, or email sizestandards@sba.gov to voice your opinion.
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| Posted under: Money, Small Biz News, Stimulus
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Often we forget the little guy, the SMB, in our discussions of the comings and goings of the Internet marketing industry. Sure there are times like this when a report surfaces talking about their issues and concerns but, for the most part, we like to talk about big brands and how they do the Internet marketing thing well or not so well
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Our company is promotional products, what I see is for all this to work. the time is for small businesses to grow into big businesses. This is the reason for SBA...
With all the money coming your way and coming your way (SBA) our Small Businesses Need You! You don't see our government giving or bailing out small businesses. Sorry I,m just so sick of all the B.S. Were feed on T.V. and newspapers theses days!!! This is AMERICA
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We have recently started our new business and we want our business to grow and make more revenue. Can anyone suggest which is the best form of marketing which we can use.
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Thank you
Interesting article its probably the same in the UK. I often wonder where the extra cash is coming from to fund these types of schemes.
I love the idea of creating consistent categories. The SBA should, if anything, LOWER the requirements for its definition of small business to recognize the growing number or smaller and micro businesses. These are the companies who need assistance and can't get it; otherwise relying on their credit cards and personal debt to carry the business. Look around those empty shops in most towns....Many of them are micro-small businesses. Wake up and smell the trend...small is the new HUGE!
Great article. I hope the SBA just leaves their regulations alone, gets a life, and just concentrate on service small businesses. We are the ones that provide most of the jobs. Hopefully the SBA will realize that and provide more assistance. Sometimes I think our government just exists to serve the beauracracy and not the people.