Tangible net worth and net income do not provide a true measure of the size of a
business concern. This can be illustrated by the fact that four of the first 100 of
Fortune Magazine's 500 largest businesses in the US appear, based upon their
latest 10-K filings with the SEC, to meet this standard for "small". Those four are:
General Motors, Ford Motor, Time Warner and Sprint Nextel, respectively numbers
4, 7, 48 and 64 on the list of 500.
It is unfortunate that these "size" limits apply to the CDC and SBIC programs;
while those are programs of the Small Business Administration, they are not truly
programs for small businesses. Extension of these limits to the 7(a) program, the
flagship program of the SBA, moves the SBA's mission farther from its core
mission - to foster growth of small businesses
Comment on FR Doc # E9-10359
This is comment on Rule
Small Business Size Standards; Temporary Alternative Size Standards for 7(a) Business Loan Program
View Comment
Related Comments
Public Submission Posted: 12/10/2009 ID: SBA-2009-0006-0002
Aug 03,2009 11:59 PM ET
Public Submission Posted: 12/10/2009 ID: SBA-2009-0006-0003
Aug 03,2009 11:59 PM ET
Public Submission Posted: 12/10/2009 ID: SBA-2009-0006-0004
Aug 03,2009 11:59 PM ET