### Question
How is the term small business concern defined?


### Answer
The term **small business concern** is defined in *15 U.S.C. § 656* as the following:

> a small business concern, either start-up or existing, owned and controlled by women, and—


(1) which is at least 51 percent owned by 1 or more women

#### Citation:
  - *15 U.S.C. § 656*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

