SBA Form 355, Application for Small Business Size Determination is a form used by small business owners to request an assessment of the size of their business done by the Small Business Administration (SBA) . Businesses must meet certain size criteria to receive SBA financing.
The SBA determines the size of the business based on the number of employees, the industry's average annual receipts, the business's total income and the cost of goods sold.
The form was released by the SBA on July 1, 2022 , with all previous editions obsolete. A printable version of the latest SBA Form 355 is available for download below. Business owners can consult SBA-released size standards before filling out the SBA 355 to determine whether the business is qualified for financing based on its size.
SBA Form 480, Size Status Declaration is a related form used for declaring the size of a business to identify if it is eligible to receive SBA financing. SBA 480 Form is used only in connection with the SBIC program, while SBA Form 355 can be used with any other SBA loan.