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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What information would you need to determine whether a particular business is small according to SBA guidelines?

Summary Introduction

To determine: The information required to determine whether a specific business is small based on SBA guidelines.

Introduction: A small business administration is an autonomous organization of Country U's government that secures the interests of independent or small business ventures and guarantees that they get a decent amount of government contracts.

Explanation

The information required to determine whether a particular business is small based on SBA guidelines are as follows:

  • Agriculture: They should have a maximum annual receipt up to $750,000.
  • Travel agencies, tour operators: They should have a maximum average annual receipts are of $20,500,000.
  • Retail trade, barber shops, salons: They should have a maximum annual sales or receipts of $7,500,000.
  • Furniture stores: They should have maximum annual receipts are up to $20,500,000.
  • Special trade contractors: They should have a maximum average annual sales are up to $15,000,000.
  • Manufacturing, mining industries: These industries should have a maximum of 500 numbers of employees.
  • Wholesale trade: They should have maximum of 100 numbers of employees.
  • Department stores: They should have a maximum annual receipt are up to $32,500,000.
  • Discount department stores: They should have maximum annual receipts are up to $29,500,000.
  • Dredging: They should have a maximum average annual receipt of $27,500,000.
  • General and heavy construction: They should have a maximum average annual receipt of $36,500,000.

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