16 CFR § 1020.2 - What is the definition of “small business”?
---
identifier: "/us/cfr/t16/s1020.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "16 CFR § 1020.2 - What is the definition of “small business”?"
title_number: 16
title_name: "Commercial Practices"
section_number: "1020.2"
section_name: "What is the definition of “small business”?"
chapter_name: "CONSUMER PRODUCT SAFETY COMMISSION"
subchapter_number: "A"
subchapter_name: "GENERAL"
part_number: "1020"
part_name: "SMALL BUSINESS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 601 note."
regulatory_source: "61 FR 52878, Oct. 9, 1996, unless otherwise noted."
cfr_part: "1020"
---
# 1020.2 What is the definition of “small business”?
As used in this part, the term *small business* means any entity that is either a *small business, small organization,* or *small governmental jurisdiction,* as those terms are defined at 5 U.S.C. 601(3), (4), and (5), respectively.