SBA Wants Feedback on Its Small-Business Eligibility Paperwork
Published Date: 10/23/2026
Notice
Summary
The Small Business Administration is asking for public feedback on a form that helps confirm if a business really qualifies as 'small' to get special investment help. This review keeps the program fair by making sure only true small businesses benefit. If you want to share your thoughts, you’ve got until November 23, 2026, to speak up—no cost changes or new rules yet, just a check-in!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Form 480 protects SBIC program fairness
SBA will use the information on Form 480 to determine whether SBIC financial assistance is provided only to businesses that meet the Small Business Investment Act and SBA size regulations. This certification is intended to prevent businesses that exceed SBA size standards from receiving program resources meant for small businesses.
You must complete SBA Form 480
If you are a Small Business Investment Company or an applicant for SBIC help, you must complete SBA Form 480, the "Size Status Declaration," to certify your small-business size status. The collection is identified as OMB Control Number 3245-0009, with an estimated 1,787 respondents, 1,462 annual responses, and a total estimated annual hour burden of 244 hours; comments are due by November 23, 2026.
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