SB/SBE (Small Business/Small Business Enterprise)

Small Business (SB) and Small Business Enterprise (SBE) refer to government-certified businesses of a certain size, as defined by the US Small Business Administration. These businesses meet the criteria for a small business based on factors such as number of employees, revenue, yearly income, and other criteria. These businesses must adhere to specific procurement guidelines in accordance with the values of fairness, transparency, and full and open competition set forth by the federal government. This designation allows eligible businesses to access resources to compete for government contracts, creating an economic environment conducive to small business growth.