{"ok":true,"canonical_url":"https://dealroom.so/glossary/small-business-concern","api_url":"https://dealroom.so/api/public/glossary/small-business-concern","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"small-business-concern","term":"Small business concern","group":"People and paperwork","definition":"This is the specific term the SBA uses to define an eligible business, based on industry-specific size standards (revenue or employee count). Meeting this definition is crucial for SBA loan eligibility.","what_it_means":"Your target business must meet the SBA's \"small business concern\" size standards, which vary by NAICS code. Lenders verify this during underwriting; failure to meet these standards means the business is ineligible for an SBA 7(a) loan.","url":"https://dealroom.so/glossary/small-business-concern","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"size-standard","term":"Size standard","url":"https://dealroom.so/glossary/size-standard"},{"slug":"naics-code","term":"NAICS code","url":"https://dealroom.so/glossary/naics-code"},{"slug":"for-profit-small-business","term":"For-profit small business","url":"https://dealroom.so/glossary/for-profit-small-business"}],"related_questions":[{"question":"What if the acquired business's real estate has an environmental concern requiring remediation?","url":"https://dealroom.so/sba-7a/questions/what-if-the-acquired-business-s-real-estate-has-an-environmental-concern-requiring-remedia"},{"question":"What if a franchise agreement contains provisions for indemnification that concern the SBA?","url":"https://dealroom.so/for-lenders/questions/what-if-a-franchise-agreement-contains-provisions-for-indemnification-that-concern-the-sba"},{"question":"Does the Small Business Administration (SBA) ever directly lend money to small businesses?","url":"https://dealroom.so/sba-loans/basics/does-the-small-business-administration-sba-ever-directly-lend-money-to-small-businesses"},{"question":"What is the Small Business Administration (SBA)?","url":"https://dealroom.so/sba-loans/basics/what-is-the-small-business-administration-sba"},{"question":"Who is the Small Business Administration (SBA)?","url":"https://dealroom.so/sba-loans/basics/who-is-the-small-business-administration-sba"},{"question":"What does the \"Small Business Administration\" (SBA) actually do?","url":"https://dealroom.so/sba-loans/basics/what-does-the-small-business-administration-sba-actually-do"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Small business concern","url":"https://dealroom.so/glossary/small-business-concern","source_type":"DealRoom Data"}}