Update: SBA Proposes Final Rule for Size Determinations under the Runway Act

Back in January, I commented on the lack of clarity associated with the the Small Business Runway Extension Act.   The Runway Act calls for calculating a business’s size by averaging its annual receipts over the five most recently completed fiscal years.  That, of course, is a change from the Small Business Administration’s (SBA) standard practice of calculating size under the same metrics, but for a three-year period.

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