Tag: Industry Sector
Small Business Size Standards and Definition regards
Small Business Definition regards Learn about the definition of – and qualifications for – a small business and why it’s important to know your status. SBA has established numerical definitions of small businesses, 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. In determining what constitutes a small business, the definition will varyRead More
Summary of Size Standards by Industry Sector
Small business size standards define the largest that a business concern, including all of its affiliates, may be and yet qualify as a small business concern for SBA and most other federal programs, The SBA has established two widely used size standards – 500 employees for most manufacturing and mining industries and $7.5 million in average annual receipts for many nonmanufacturing industries. However, there are a number of exceptions. For the size standard applicable to any NorthRead More