Under Economic Development for Community Development credit the guide indicates: activities that promote economic development by financing businesses or farms that meet the size eligibility standards of the Small Business Admin Development Company or Small Business Investment Company Programs or have gross annual revenues of $1 Million or less.
When can you determine which of these size eligibility standards to use. For example we have a company that had $4 million in revenue but if I look at the company's NAICS code and compare it to the size standards on the following website: http://www.ecfr.gov/cgi-bin/text-idx?c=ecfr&sid=ad9efa8d824d37bf60a7e93ff64a5ba8&rgn=div5&view=text&node=13:1.0.1.1.17&idno=13 the company is considered small if it has 1,000 or less employees regardless of income. I am unsure if I can though use the SBA standard when it is not an SBA loan. Any guidance is greatly appreciated.