1.10 — Definition of ‘small business’

The ABA should amend the definition of ‘small business’ in the Banking Code so that the Code applies to any business or group employing fewer than 100 fulltime equivalent employees, where the loan applied for is less than $5 million.

Government Response

The Government supports the ABA acting on this recommendation.

82 thoughts on “1.10 — Definition of ‘small business’”

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