101.1209—Definitions.

(a) Scope. The definitions in this section apply to §§ 101.1201 through 101.1209, unless otherwise specified in those sections.

(b) Small business and very small business. (1) A small business is an entity that together with its affiliates and persons or entities that hold attributable interests in such entity and their affiliates, has average gross revenues that are not more than $40 million for the preceding three years.

(2) A very small business is an entity that together with its affiliates and persons or entities that hold attributable interests in such entity and their affiliates, has average gross revenues that are not more than $15 million for the preceding three years.

[63 FR 6106, Feb. 6, 1998; 63 FR 10781, Mar. 5, 1998, as amended at 67 FR 46380, July 9, 2002; 68 FR 43002, July 21, 2003]

CFR

101.1209—Definitions.