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Small Business Enterprise (SBE)
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A small business is an entity that is not dominant in its field and conforms to the guidelines set forth by the Small Business Administration in regard to gross business income and employee size according to its product or service.
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To determine the size standard of your business visit the Small Business Administration (SBA). Afterward, register at System for Award Management (SAM).
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Small Disadvantaged Business (SDB)
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A Small Disadvantaged Business (SDB) is a small business that is at least 51% owned by one or more individuals who are both socially and economically disadvantaged. A publicly-owned business may be considered an SDB if at least 51% of its stock is unconditionally owned by one or more such individuals and if the public company's management and daily business is controlled by one or more such individuals.
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To determine if your firm can be classified as a SDB, visit the SBA SDB home page.
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Historically Underutilized Business (HUB)
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A small business must be located in a “historically underutilized business zone” be owned and controlled by one or more U.S. citizens; and at least 35% of its employees must reside in a Hubzone to qualify for the Hubzone program.
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To become Hubzone certified, visit the SBA Hubzone home page.
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Minority Business Enterprise (MBE)
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A minority business enterprise (MBE) is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. "Minority group members" are United States citizens who are Black Americans, Hispanic Americans, Native Americans, Asian-Pacific Americans and Asian-Indian Americans. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals. Furthermore, those minority group members control the management and daily business operations.
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Minority-owned businesses can become certified in two ways: Register with the National Minority Supplier Development Council (NMSDC), or possess local government certifications clearly stating minority-owned status (subject to review).
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Women Business Enterprise (WBE)
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A woman-owned business is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by a woman or women members. Ownership by female’s means the business is at least 51% owned by such individuals or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals. Furthermore, the management and daily operations are controlled by the woman or women members.
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Women-owned businesses can become certified in two ways: Register with the Women’s Business Enterprise National Council (WBENC), or possess local government certifications clearly stating women-owned status (subject to review).
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Veteran-Owned Small Business (VOSB)
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Business must meet the requirements as a Small Business. It must be at least 51% owned by one or more eligible veterans; or in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more veterans; and whose management and daily business operations are controlled by such veteran or veterans possessing a discharge other than dishonorable.
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Veteran-owned business can be certified two ways: Register with SBA Veteran's Program or register with System for Award Management (SAM).
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Service Disabled Veteran-Owned Business (SDVET)
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Business must meet the requirements as a Small Business. It must be at least 51% owned by one or more eligible veterans; or in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more veterans; and whose management and daily business operations are controlled by such veteran or veterans possessing a discharge other than dishonorable. Disability may be any degree that was acquired or aggravated during active service.
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Veteran-owned business can be certified two ways: Register with SBA Veteran's Program or register with System for Award Management (SAM).
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