Data / Federal rules / 2024-02776
Small Business Size Standards: Adjustment of Alternative Size Standard for SBA's 7(a) and CDC/504 Loan Programs for Inflation; and Surety Bond Limits: Adjustments for Inflation
The Small Business Administration published this final rule in the Federal Register on February 15, 2024. It took effect on March 18, 2024.
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What the agency says
This rule finalizes, without change, the U.S. Small Business Administration's (SBA or Agency) July 28, 2023, proposed rule to adopt the current statutory alternative size standard for its 7(a) Business and Certified Development Company (CDC/504) Loan Programs (collectively "Business Loan Programs"), subject to a 34.46 percent adjustment for inflation that has occurred since the establishment of the statutory alternative size standard in 2010. The inflation adjustment would increase the size standard's level for tangible net worth to $20 million and for net income to $6.5 million. SBA also is adjusting for inflation the applicable statutory limits for contract size under the Surety Bond Guarantee (SBG) Program. The adjustment increases the contract limit to $9 million and the contract limit for Federal contracts if a Federal contracting officer certifies that such a guarantee is necessary to $14 million.
Key facts
- Document number
- 2024-02776
- Type
- Final rule
- Action
- Final rule
- Agency
- Small Business Administration
- Published
- February 15, 2024
- Takes effect
- March 18, 2024
- Dates
- This rule is effective March 18, 2024.
- Regulation ID (RIN)
- 3245-AG16
- Code of Federal Regulations
- 13 CFR 115; 13 CFR 121
- Topics
- Administrative practice and procedure; Claims; Government procurement; Government property; Grant programs-business; Individuals with disabilities; Loan programs-business; Reporting and recordkeeping requirements; Small businesses; Surety bonds
- Significant
- Yes, under Executive Order 12866
- Pages
- 11
Other documents from the Small Business Administration
| Document | Type | Published |
|---|---|---|
| Removing Constitutional Concerns From SBA Programs 2026-19878 | Final rule | Sep 29 |
| Small Business Size Standards 2026-19546 | Proposed rule | Sep 24 |
| Rescinding Unnecessary Notice and Comment Procedures 2026-17731 | Final rule | Aug 31 |
| Small Business Size Standards 2026-17042 | Proposed rule | Aug 20 |
| Small Business Size Standards: Revised Size Standards Methodology 2026-17039 | Proposed rule | Aug 20 |
| Reforms to 13 CFR 124.103 To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only. Reforms Do Not Impact Entity-Owned Firms 2026-16370 | Final rule | Aug 11 |
| Reforms To Remove SBA's 8(a) Program's Rebuttable Presumption of Social Disadvantage for Individually Owned Firms Only; Reforms Do Not Impact Entity-Owned Firms 2026-11765 | Proposed rule | Jun 11 |
| Regulation for Federal Financial Assistance 2026-10817 | Proposed rule | May 29 |
Everything from the Small Business Administration · Rules on administrative practice and procedure · Rules on claims · Rules on government procurement · Published in February 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.