More providers qualify for small business loans
The U.S. Small Business Administration has increased the size standard for health care providers, meaning more can qualify as small businesses and be eligible for special government loans and set-aside programs. Under the new standard, the following providers are considered a small business:
— hospitals and kidney dialysis centers with revenues up to $25 million;
— nursing care facilities, medical laboratories, and home health care services with revenues up to a $10 million; and
— outpatient care facilities and offices and clinics with revenues of up to $75 million.
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