Guide to Starting and Operating a Small Business | 2018 Guide to Starting and Operating a Small Business - Page 84

Appendix G U. S. Small Business Administration (SBA) U. S. Small Business Administration (SBA) Michigan District Office 477 Michigan Avenue, Room 515, McNamara Building Detroit, MI 48226 Phone: 313.226.6075 Michigan website: www.sba.gov/mi Federal website: www.sba.gov The U.S. SBA helps people get into business and stay successful. The agency accomplishes this mission by providing new and existing small businesses with loan guarantees, management counseling and training, and assistance in obtaining government contracts. The SBA also acts as an advocate for small business interests. What is a small business? SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following: • Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured; • Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided; • Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided; • Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided; • General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction; • Special Trade Construction: Annual receipts may not exceed $7 million; and • Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product. SBA provides small business assistance in four major areas: Advocacy, Procurement, Business Development, and Financial Assistance. Advocacy The SBA supports the cause and explains the role of small business in our society and economy, and advocates programs and policies that help small firms. SBA’s Office of Advocacy maintains a hotline to assist callers with their small business questions at 800.827.5722, “SBA National Answer Desk.” Procurement (Government Contracting) SBA helps small businesses obtain a representative share of federal contracts through a variety of programs including assistance locating government contracts and prime subcontracts. Visit SBA’s Office of Government Contracting online at www.sba.gov and click the “Contracting” tab. 82