SBA increases size standards for travel agencies

The U.S. Small Business Administration (SBA) increased its revenue-based size standards for travel agencies from $1 million to $3 million, allowing for more companies to qualify for federal assistance. That rule went into effect today. Travel agencies that fall within the SBA size standard are eligible for SBA assistance, including small business loan programs and contracting and business development programs. They will also be able to compete for federal contracts worth about $350 million through small business set-asides and other contracting incentive programs.