considered small varies by industry, the SBA publishes atable of small business size standards. The table, which is organized byNAICS code, indicates the largest size a business and its affiliates can be to remain eligible for government programs and preferences reserved for “small business” ...
The SBA usesNorth American Industry Classification System(NAICS) codes to classify businesses (Mexico and Canada have also adopted NAICS). Think of these six-digit codes likeUPC codesfor different types of businesses. The first two digits in an NAICS code shows your business sector (like manufactu...
If your small business operates in multiple fields, you may need to choose more than one. You can get assistance from the US Census Bureau in selecting the right code or codes by emailing NAICS@census.gov, or calling (888) 756-2427.What are the advantages of operating as a small ...
the next two to their particular subsector andindustry. The remaining digits further narrow the type of business it is, to the point that NAICS codes can be highly specific. For example, an orange grove is a 111310, while an apple orchard is a 111331...
How do NAICS codes help you understand whether you’re a small business? The SBA provides a table of small business size standards. It lists every potential NAICS code, with definitions for a small business in that industry. Depending on the industry, the defining factor is either revenue or...
A business with a NAICS code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 people per location If you received a PPP loan in the past but did not receive forgiveness by December 27, 2020, you may be eligible to ...
BusinessAdministration TableofSmallBusinessSizeStandards Matchedto NorthAmericanIndustryClassificationSystemCodes Thistablelistssmallbusinesssizestandardsmatchedtoindustriesdescribedinthe NorthAmericanIndustryClassificationSystem(NAICS),asmodifiedbytheOfficeof ManagementandBudgetin2007.ThelatestNAICScodesarereferredtoasNAICS...
but these are the primary size standards for most industries. For complete information on size standards, see the SBA’s Small Business Size Regulations (13 CFR Part 121) or the Table of Small Business Size Standards. Size Standards for principal NAICS Sectors Construction General building and hea...
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Professional and business services (NAICS 54-56) lost the most jobs (8,200) with a negative growth rate of 0.36%.Small business employment decreased in nearly all US regions In February, small business employment decreased in seven of the eight US regions covered by the Index. New England (...