SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period.
To be considered a small business, a firm must be:
•Independently owned or operated,
•Not dominant in the field under which it is pursuing government contracts,
•Qualified under the NAICS criteria in 13 CFR part 121. (See SBA size standards)
The NAICS codes provide criteria for determining whether a business is considered small by its industry code. The standard for being a small business is set by number of employees or by the average annual sales over a three-year period.
Please contact GCAP at 541-736-1088 for assistance