SBA and SPARK Update - Small Business Size Standards

On Sunday, May 1st, SPARK will be updated to comply with changes announced by the SBA regarding small business size standards that will go into effect on Monday, May 2nd. These updates will affect how size standards are calculated for the following industries:

• Agriculture, Forestry, Fishing, and Hunting; Mining, Quarrying, and Oil and Gas Extraction; Utilities; Construction

• Education Services; Health Care and Social Assistance; Arts, Entertainment and Recreation; Accommodation and Food Services; Other Services

• Professional, Scientific, and Technical Services; Management of Companies and Enterprises; Administrative and Support and Waste Management and Remediation Services

• Transportation and Warehousing; Information; Finance and Insurance; Real Estate and Rental and Leasing

Details regarding the SBA's announcements can be found here.

Find Out More

Stay tuned for the latest features and subscribe to your favorite categories. If you have any feedback or questions, please reach out to your favorite CSM, or email us at support@lendwithspark.com. Your feedback will help us make SPARK the best loan origination software in the market!