Small Disadvantaged Business
A small business must be at least 51% owned and controlled by a socially and economically disadvantaged individual or individuals. African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to qualify. Other individuals can qualify if they show a preponderance of evidence that they are disadvantaged. All 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. Self-Certification.
Small Business Concern
A Business concern eligible for assistance from SBA as a small business is one that is organized for profit, with a place of business located in the United States. It must operate primarily within the Unites States or make a significant contribution to the U.S. economy through payment of taxes or use of American products, materials or labor. Together with its affiliates, it must meet the numerical size standards as defined in the Small Business Size Regulations, 13 CFR 121.