Section 101.1112 - Definitions(a)Scope. The definitions in this section apply to §§ 101.1101 through 101.1112 , unless otherwise specified in those sections.(b)Very small business. A very small business is an entity that, together with its affiliates and controlling interests, has average gross revenues for the three preceding years of not more than $15 million.(c)Small business. A small business is an entity that, together with its affiliates and controlling interests, has average gross revenues for the three preceding years of more than $15 million but not more than $40 million.(d)Entrepreneur. An entrepreneur is an entity that, together with its affiliates and controlling interests, has average gross revenues for the three preceding years of more than $40 million but not more than $75 million.67 FR 46380, July 9, 2002, as amended at 68 FR 43002, July 21, 2003