Thousands more American businesses will be able to seek financial help from the Small Business Administration as of July 14, 2014. By updating the size and asset standards it uses to determine loan eligibility, the SBA is making its broadest changes since 2008. The updates are based on inflation and on allowing companies to compete with larger competitors. Each industries standards are different, but some requirements were changed to include a greater number of employees that a firm could have. […]
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