• SBA revises definition of program-eligible limited service restaurants

    -

Recent revisions in the Small Business Administration code will make it easier for independent restaurant operators and individual franchisees below a certain amount of revenue to enlist the agency's help, according to an October 6 update published in the Federal Register.

Limited-service restaurants can now take in up to $10 million in revenue and still be eligible for SBA assistance programs, up from the previous $7 million litmus. Foodservice contractors’ upper limit was raised from $20.5 million to $35.5 million.

The rule goes into effect November 5. SBA officials said previous rules were antiquated.

From the register:

Over the years, SBA has received comments that its size standards  have not kept up with changes in the economy and, in particular, that  they do not reflect changes in the Federal contracting marketplace. The last overall review of size standards occurred during the late 1970s and early 1980s.

 

Related Content

User Comments – Give us your opinion!
Products & Services

Thr!ve Point-of-Sale

http://global.networldalliance.com/new/images/products/6811.png

6811/Thr-ve-Point-of-Sale

Meatballs

http://global.networldalliance.com/new/images/products/6789.png

6789/Meatballs

Facebook Ordering

http://global.networldalliance.com/new/images/products/5935.png

5935/Facebook-Ordering

Features

http://global.networldalliance.com/new/images/products/4541.png

4541/Features

Mobile Ordering

http://global.networldalliance.com/new/images/products/5933.png

5933/Mobile-Ordering

ExpressNet

http://global.networldalliance.com/new/images/products/ExpressNet_iix.gif

1428/ExpressNet

Customized Menu Board Content

http://global.networldalliance.com/new/images/products/6689.png

6689/Customized-Menu-Board-Content

Distribution RFP’s & RFQ’s

http://global.networldalliance.com/new/images/products/6411.png

6411/Distribution-RFP-s-RFQ-s

Pepperoni

http://global.networldalliance.com/new/images/products/6787.png

6787/Pepperoni

Enterprise Solutions

http://global.networldalliance.com/new/images/products/4124.png

4124/Enterprise-Solutions

Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.