§  90.912   Definitions.

   (a) Scope. The definitions in this section apply to § §  90.910 and
   90.911, unless otherwise specified in those sections.

   (b) Small and very small businesses. (1) A small business is an entity
   that together with its affiliates and controlling interests, has
   average gross revenues that do not exceed $15 million for the three
   preceding years; or

   (2) A very small business is an entity that together with its
   affiliates and controlling interests, has average gross revenues that
   do not exceed $3 million for the three preceding years.

   [ 62 FR 41222 , July 31, 1997, as amended at  67 FR 45377 , July 9, 2002;
    68 FR 43001 , July 21, 2003]

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