§ 101.1429   Designated entities.

   (a) Eligibility for small business provisions. (1) A very small
   business is an entity that, together with its controlling interests and
   affiliates, has average annual gross revenues not exceeding $3 million
   for the preceding three years.

   (2) A small business is an entity that, together with its controlling
   interests and affiliates, has average annual gross revenues not
   exceeding $15 million for the preceding three years.

   (3) An entrepreneur is an entity that, together with its controlling
   interests and affiliates, has average annual gross revenues not
   exceeding $40 million for the preceding three years.

   (b) Bidding credits. A winning bidder that qualifies as a very small
   business, as defined in this section, or a consortium of very small
   businesses may use the bidding credit specified in § 1.2110(f)(2)(i) of
   this chapter. A winning bidder that qualifies as a small business, as
   defined in this section, or a consortium of small businesses may use
   the bidding credit specified in § 1.2110(f)(2)(ii) of this chapter. A
   winning bidder that qualifies as an entrepreneur, as defined in this
   section, or a consortium of entrepreneurs may use the bidding credit
   specified in § 1.2110(f)(2)(iii) of this chapter.

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