07/23/2025
Most Massachusetts businesses are smaller than they think—and that’s great news for grants, loans, and support.
1. The SBA’s Definition Might Surprise You
When you hear “small business,” you might picture a solo shop or family-run café. However, according to the U.S. Small Business Administration (SBA), most service-based and non-manufacturing businesses that make under $7.5 million a year—or employ fewer than 500 people—qualify as small businesses.
2. Why This Matters for Your Business
Being considered a small business isn’t just a label. It determines eligibility for grants, loans, and programs designed to help you grow. If you’re earning multiple six or even seven figures, you might still qualify for these opportunities—good news for Massachusetts entrepreneurs looking to scale.
3. Put That Knowledge to Work
At Maple Bookkeeping Services, we help small businesses stay compliant, organized, and ready to take advantage of funding opportunities. Understanding where you stand with the SBA is step one; having accurate books and financial reports prepared to apply is step two.
Ready to see what opportunities you qualify for?
Schedule a free consultation with Maple Bookkeeping Services today and let’s make sure your finances are grant-ready.
