### Question
What is the definition of small shipyard?


### Answer
The definition of **small shipyard** is as follows in *46 U.S.C. § 54101*:

> a shipyard that—


(1) is a small business concern (within the meaning of section 3 of the Small Business Act (15 U.S.C. 632))

#### Citation:
  - *46 U.S.C. § 54101*
  - Heading: **Subtitle V-Merchant Marine > Part C-Financial Assistance Programs > CHAPTER 541-MISCELLANEOUS&nbsp;1**

