1: Size Standards

Set size standards for small businesses which determine the size a business must be to be considered a small business.

Other Information:

SBA sets size standards for small businesses which determine the size a business must be to be considered a small business. A small business is not dominant in its field of operation and qualifies as a small business concern under Title 13, Code of Federal Regulations, part 121 (13 CFR 121). SBA has established size standards for all for-profit economic activities as they are described under the North American Industry Classification System (NAICS) Identifying Industry Codes. Size standards are critical in the government-contracting process because they ensure a "level playing field" for competition among small businesses of varying sizes. They also apply to other SBA programs, such as its Loans & Grants and Technology Small Business Innovative Research (SBIR) and Small Business Technology Transfer (STTR) Programs. In fact, they apply to all Federal programs that provide a benefit to a small business concern.

Stakeholder(s):

• Small Businesses
  •  (Beneficiary)

Objective(s):

1: Businesses & Jobs

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