Trump team wants to expand the definition of ‘small business’ to include billion dollar companies
- The Trump administration wants to change what it means to be a small business by raising the standard, allowing certain companies with more than 3,000 employees and making $1 billion to apply for federal loans and grants.
- Under a new rule proposal, the Small Business Administration would massively increase the current limit on how much a business may earn or how many people it may employ to be considered “small” – as part of a goal to “reward” growing firms.
- In the financial sector, businesses handling “miscellaneous financial investment activities” could make up to $1.011 billion to still be co
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- The Trump administration wants to change what it means to be a small business by raising the standard, allowing certain companies with more than 3,000 employees and making $1 billion to apply for federal loans and grants.
- Under a new rule proposal, the Small Business Administration would massively increase the current limit on how much a business may earn or how many people it may employ to be considered “small” – as part of a goal to “reward” growing firms.
- In the financial sector, businesses handling “miscellaneous financial investment activities” could make up to $1.011 billion to still be co
Sources: The Independent