To be classified as small

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Reference no: EM131423572

To be classified as "small", a small business must have at least two of the following features:

Independent management & the area of operation is primarily local

Small in comparison to larger competitors and a budget less than 1 million

Ownership is held by one or few individuals and sales are less than 2 million

The SBA has provided the loan for startup and there are less than 10 employees

Reference no: EM131423572

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