SBA Seeks Comments on Small Business Size Verification Data Collection Process
Published Date: 1/24/2025
Notice
Summary
The Small Business Administration (SBA) is updating how it collects info from businesses claiming to be small for government programs. They want your thoughts on whether this process is necessary, clear, and easy to use. If you have ideas or concerns, send them in by March 25, 2025—this helps keep things fair and smooth for small businesses seeking contracts.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
You may need to fill SBA Form 355
If your business claims to be "small" for government contracting or small business programs, the SBA uses SBA Form 355 (Information for Small Business Size Determination) to adjudicate size protests, make size determinations, help program offices decide eligibility, and decide whether to issue a Certificate of Competency. Respondents to this information collection are businesses claiming small status for government contracting and business development programs.
Estimated annual reporting burden
The SBA estimates the information collection (PRA No. 3245-0101, SBA Form 355) will receive 450 annual responses and impose a total estimated annual hour burden of 1,800 hours. These totals describe the overall time burden SBA expects across all responding businesses each year.
Opportunity to comment by March 25, 2025
The SBA is requesting public comment on whether this information collection is necessary, whether the burden estimates are accurate, and whether the process can be made clearer or less burdensome. Submit comments on or before March 25, 2025 to Donna Fudge at the Office of Policy, Planning, and Liaison, Small Business Administration.
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