{"abstract":"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.","action":"Final rule.","agencies":[{"raw_name":"SMALL BUSINESS ADMINISTRATION","name":"Small Business Administration","id":468,"url":"https://www.federalregister.gov/agencies/small-business-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/468","parent_id":null,"slug":"small-business-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/02/15/2024-02776.html","cfr_references":[{"chapter":null,"citation_url":null,"part":115,"title":13},{"chapter":null,"citation_url":null,"part":121,"title":13}],"citation":"89 FR 11703","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This rule is effective March 18, 2024.","disposition_notes":null,"docket_ids":[],"dockets":[{"supporting_documents":[],"agency_name":"SBA","documents":[{"comment_count":0,"comment_start_date":"2024-02-15","updated_at":"2024-02-16T11:56:34.231-05:00","comment_url":"https://www.regulations.gov/commenton/SBA-2018-0002-0050","allow_late_comments":null,"id":"SBA-2018-0002-0050","comment_end_date":null,"regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"SBA-2018-0002","title":"Small Business Size Standards; Alternative Size Standard for 7(a), 504, and Disaster Loan Programs"}],"document_number":"2024-02776","effective_on":"2024-03-18","end_page":11713,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2024/02/15/2024-02776.xml","html_url":"https://www.federalregister.gov/documents/2024/02/15/2024-02776/small-business-size-standards-adjustment-of-alternative-size-standard-for-sbas-7a-and-cdc504-loan","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-02776?publication_date=2024-02-15","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2024-02-15/2024-02776/mods.xml","not_received_for_publication":null,"page_length":11,"page_views":{"count":2610,"last_updated":"2026-04-17 22:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2024-02-15/pdf/2024-02776.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-02776.pdf?1707918317","publication_date":"2024-02-15","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2024/02/15/2024-02776.txt","regulation_id_number_info":{"3245-AG16":{"issue":"202310","html_url":"https://www.federalregister.gov/regulations/3245-AG16/small-business-size-standards-adjustment-of-alternative-size-standard-for-sba-s-7-a-and-cdc-504-loan","title":"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","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202310&RIN=3245-AG16&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["3245-AG16"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/3245-AG16/small-business-size-standards-adjustment-of-alternative-size-standard-for-sba-s-7-a-and-cdc-504-loan","title":"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"},"comments_count":0,"agency_id":"SBA","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=SBA-2018-0002","supporting_documents_count":0,"docket_id":"SBA-2018-0002","document_id":"SBA-2018-0002-0050","regulation_id_number":"3245-AG16","title":"Small Business Size Standards; Alternative Size Standard for 7(a), 504, and Disaster Loan Programs","checked_regulationsdotgov_at":"2024-02-17T16:00:10Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":11703,"subtype":null,"title":"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","toc_doc":"Adjustment of Alternative Size Standard for 7(a) and CDC/504 Loan Programs for Inflation; and Surety Bond Limits: Adjustments for Inflation","toc_subject":"Small Business Size Standards:\n","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"],"type":"Rule","volume":89}