To be eligible for a loan, a small contractor

1. (a) Must have been engaged in the construction, manufacturing or services business and maintained its principal office and place of business in Connecticut for a period of not less than one year prior to the date of application for a loan, have gross revenues not in excess of $1,000,000 in its most recently completed fiscal year, and

2. (b) Must meet the following size standards:

   1. (1) In the case of a contractor or subcontractor, have not more than 15 full time employees;
   2. (2) In the case of a manufacturer, have not more than 25 full time employees;
   3. (3) In the case of a service company, have not more than 10 full time employees.

(Effective November 6, 1980)