Federal Contracting Made Easy's Podcast

It should be easy to determine if your business is large or small. However, that is not the case, especially if you want a loan or become a government contractor. Remember, you cannot compete on small business set-asides unless you qualify as a small business. Furthermore, it will matter if you want to be eligible for SBA's loan programs. The last thing you want to have happened is to lose a government contract due to your business size. So before that happens, find out if your business is small or large. What Does the Government Use to Determine a Businesses Size? The North American Industry Classification System (NAIC codes) is a manual that includes definitions for each industry. NAICS codes assigned a six-digit code to twenty broad sectors. For example, if you are in general construction, your NAICS code would be 236220. NAICS code 236220 is defined as Commercial and Institutional Building Construction. If you are a government contractor, then you are already familiar with NAICS codes. The Census Bureau