---
kind: "section"
citation: "12 C.F.R. § 1002.106"
title: "12"
number: "1002.106"
heading: "Business and small business."
url: "https://uscodex.org/cfr/12/1002.106"
---

# §1002.106. Business and small business.

- (a) **Business—** has the same meaning as the term “business concern or concern” in [13 CFR 121.105](/cfr/13/121.105.md).
- (b)
  - (1) **Small business—** has the same meaning as the term “small business concern” in [15 U.S.C. 632(a)](/usc/15/632.md?p=a), as implemented in [13 CFR 121.101 through 121.107](/cfr/13/121.101..121.107.md). Notwithstanding the size standards set forth in [13 CFR 121.201](/cfr/13/121.201.md), for purposes of this subpart, a business is a small business if its gross annual revenue, as defined in [§ 1002.107(a)(14)](/cfr/12/1002.107.md?p=a-14), for its preceding fiscal year is $1 million or less.
  - (2) Every 5 years after January 1, 2030, the gross annual revenue threshold set forth in [paragraph (b)(1)](#b-1) of this section shall adjust based on changes to the Consumer Price Index for All Urban Consumers (U.S. city average series for all items, not seasonally adjusted), as published by the United States Bureau of Labor Statistics. Any adjustment that takes effect under this [paragraph (b)(2)](#b-2) shall be rounded to the nearest multiple of $100,000. If an adjustment is to take effect, it will do so on January 1 of the following calendar year.

## Notes

### Amendments

[88 FR 35528, May 31, 2023, as amended at 91 FR 23605, May 1, 2026]

### Source

Source: 88 FR 35528, May 31, 2023, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1691b. Subpart B is also issued under 15 U.S.C. 1691c-2.

### Source

Source: 76 FR 79445, Dec. 21, 2011, unless otherwise noted.

### Amendments

[88 FR 35528, May 31, 2023, as amended at 91 FR 23605, May 1, 2026]