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U.S. SMALL BUSINESS ADMINISTRATION Frequently Asked …

SMALL BUSINESS ADMINISTRATION . Frequently Asked Questions REGULATION RESEARCH OUTREACH. October 2020. 1. What is a SMALL BUSINESS ? The Office of Advocacy generally defines a SMALL BUSINESS as an Figure 1. Number of SMALL businesses , 1997- independent BUSINESS having fewer than 500 employees. For 2017 (Millions; SUSB, NES). industry-level SMALL BUSINESS size standards used in 35. government programs and contracting, see 30. standards. 25. 20. 2. How many SMALL businesses are there in the 15 Nonemployer Firms There are million SMALL businesses in the 10. 81 percent, or million, have no employees (termed 5. nonemployers ) and 19 percent, or 6 million, have paid Employer Firms employees.

Small businesses have accounted for 65.1% of net new job creation since 2000. Figure 3 displays quarterly small business job gains, losses, and net new jobs since 2000. Source: BED _____ This report uses the most recent available data from government sources. Statistics on the number of small businesses are based on the

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