Glossary term
SBA Size Standard
The revenue or employee ceiling, set per NAICS code, below which a business qualifies as small.
SBA size standards are defined per NAICS code — some as average annual receipts, others as employee count. The standard that governs a bid is the one attached to the solicitation's NAICS code, not your primary NAICS. A company can therefore be small for one opportunity and other than small for another on the same day. Size is calculated including affiliates.
Categories
- set-asides
- business
Related terms
- NAICS CodeNorth American Industry Classification System code — a six-digit number that classifies businesses by industry.
- AffiliationAn SBA concept where the size of related businesses is combined, potentially disqualifying a firm from small-business status.
- Rule of TwoThe requirement to set an acquisition aside for small business when at least two capable small businesses are expected to bid at fair prices.