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SBA Business Classifications
SMALL BUSINESS

For the purpose of the program, a business is generally considered small if it is independently owned and operated, is not dominant in its field of operation and can further qualify under the criteria set forth in the Small Business Administration (SBA) Small Business Standards Regulation, Title 13, Part 121 of the Code of Federal Acquisition Regulations (FAR).

Small Disadvantaged Business certified by SBA

Defined as at least 51% owned, controlled and daily operated by one or more socially and economically disadvantaged individuals. All [where there are multiple individual owners, do we mean that each of them must be below this threshold, or that all of the individual owners together must be below this threshold? Same question on Slide 11 of the last attachment.] individuals must have a net worth of less than $750,000, excluding the equity of the business and primary residence. Successful applicants must also meet applicable size standards for small businesses in their industry.

Woman owned Small Business

Defined as at least 51% owned, controlled and daily operated by one or more women.

Veteran Owned Small Business

Defined as at least 51% owned, controlled and daily operated by one or more American Veterans.


Veteran Owned Small Business

Defined as at least 51% owned, controlled and daily operated by one or more American Veterans

Service disabled Veteran Owned Small Business

Defined as at least 51% owned, controlled and daily operated by one or more service disabled American Veterans.

Hubzone Small Business (certified by SBA)

Defined as a small business that must be owned and controlled by one or more US citizens, its principal office must be located within a HUBZone (Historically Underutilized Business Zone) – which includes lands on federally recognized Indian reservations, and at least 35% of its employees must reside in a HUBZone. To determine if a Supplier is located in a HUBZone,.