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A.1 52.2121 INSTRUCTIONS TO OFFERORSCOMMERCIAL ITEMS (OCT 2015)(a) North American Industry Classification System (NAICS) code and small business size standard. The NAICS code and small business size
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How to fill out small business size standards

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How to fill out small business size standards

01
Determine your industry: Identify which North American Industry Classification System (NAICS) code applies to your business.
02
Calculate your average annual receipts or number of employees: Use the SBA's guidelines to determine if your business qualifies as a small business based on either the revenue or employee count.
03
Submit your size standard self-certification: Once you have determined that your business meets the criteria for a small business, you can self-certify your size status in the System for Award Management (SAM) database.

Who needs small business size standards?

01
Government agencies: Small business size standards are used by federal, state, and local government agencies to determine eligibility for government contracts and set-aside programs.
02
Small business owners: It is important for small business owners to understand size standards in order to take advantage of government contracting opportunities and federal assistance programs.

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Small business size standards are regulations that define the maximum size of a business, in terms of number of employees or annual revenue, to qualify as a small business according to the Small Business Administration (SBA).
Businesses applying for federal contracts, grants, loans, or assistance programs typically need to file small business size standards.
To fill out small business size standards, businesses must complete forms provided by the SBA or relevant federal agencies, including financial information such as revenue and employee counts, ensuring that all data is accurate and compliant with current standards.
The purpose of small business size standards is to ensure that small businesses receive fair access to federal contracting opportunities and support, fostering competition and economic growth.
Businesses must report information including their average annual revenue, number of employees, and may need to disclose ownership and business structure.
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