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From the SBA (Small Business Administration)
The SBA defines a business concern as one that is organized for profit; has a place of business in the U.S.; operates primarily within the U.S. or makes a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor; is independently owned and operated; and is not dominant in its field on a national basis. The business may be a sole proprietorship, partnership, corporation, or any other legal form.
SBA has established numerical definitions, or "size standards," for all for-profit industries. Size standards represent the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business concern. These size standards apply to SBA’s financial assistance and to its other programs, as well as to Federal government procurement programs when there is a benefit available to qualifying as a small business concern. Also, the Small Business Act states that unless specifically authorized by statute, no Federal department or agency may prescribe a size standard for categorizing a business concern as a small business concern, unless such proposed size standard meets certain criteria and is approved by the Administrator of SBA.
Size Standards Methodology
Small Business Size Regulations
FAQs
What's New
More from the Small Business Administration...
Q-1. How do I get a small business loan?
Q-2. How do I get a small business grant?
Q-3. How do I get started in a business?
Q-4. How do I get a business license?
Q-5. How do I get a tax identification number?
Q-6. What type of collateral do I need for a loan?
Q-7. Is there any business assistance available in my area?
Q-8. What classifies a business as "small"?
Q-9. How can I get my business certified as a woman or minority owned?
Q-10. What type of interest rate, terms and fees does the SBA require on its Guaranty Loan Program?
Q-11. How do I find an investor for my business?
Q-12. What is CCR and SUB-Net?
Q-13. I’m interested in exporting. What is the process ?
Q-14. I’m in the National Guard and was called up for active duty. Can you help me?
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