The size status of an applicant for SBA financial assistance is determined as of the date the application for financial assistance is accepted for processing by the SBA, except for applications under the Preferred Lenders Program (PLP), the Disaster Loan program, the SBIC program, and the New Markets Venture Capital (NMCV) program.
For the Preferred Lenders program, size is determined as of the date of approval of the loan by the Preferred Lender.
For disaster loan assistance (other than physical disaster loans), size status is determined as of the date the disaster commenced, as set forth in the Disaster Declaration. For economic injury disaster loan assistance under disaster declarations for Hurricanes Katrina, Rita, and Wilma, size status is determined as of the date SBA accepts the application for processing, and for applications submitted before December 6, 2005, whether denied because of size status or pending, such applications shall be deemed resubmitted on December 6, 2005. For pre-disaster mitigation loans, size status is determined as of the date the SBA accepts a complete Pre-Disaster Mitigation Small Business Loan Application for processing. Refer to What are the size procedures for SBA's Certificate of Competency Program? to find out what SBA considers to be a complete Pre-Disaster Mitigation Small Business Loan Application.
Changes in size subsequent to the applicable date when size is determined will not disqualify an applicant for assistance.
Read more about Small Business Size Regulations.
Source: Code of Federal Regulations, Title 13, Part 121 - Small Business Size Regulations
