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USCODE-2020-title15- Chap14A-sec632.pdf (govinfo.gov)

USCODE-2020-title15-chap14A-sec632.pdf
Preview of USCODE-2020-title15- chap14A-sec632.pdf (govinfo.gov)
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📊 Size: 186 KB
📄 Pages: 14 pages
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Summary

§ 632 defines small business concerns for the purposes of this chapter. A small business concern is deemed to be one that is independently owned and operated and not dominant in its field of operation. The Administrator may specify detailed definitions or standards to determine small business concerns, considering factors such as number of employees, dollar volume of business, net worth, and net income. Size standards must be proposed after public notice and comment, and approved by the Administrator. The Administrator must also consider varying size standards by industry and excluding certain security expenses from consideration. Alternative size standards may be established for business loan applicants, and the Administrator must conduct rulemaking to revise or establish size standards, considering factors such as industry competitiveness and the effect on the industry.

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Description

§ 632 defines small business concerns for the purposes of this chapter.

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  • File Format: PDF
  • File Size: 186 KB
  • Pages: 14
  • Language: EN
  • Total Downloads: 81
  • Last Updated: 7 hours ago

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