Small and Medium-Sized Enterprises (SME) - Meaning

23Nov, 23

Small and Medium-Sized Enterprises (SME) - Meaning

Businesses qualify as small or medium-sized enterprises if they satisfy various capacity metrics covering for example, maximum numbers of staff, turnover or size of balance sheet. In Europe the defined ceiling for SMEs is max 250 employees, $50 m turnover or $43 m balance sheet total. The definition is used primarily to determine eligibility for state-sponsored business support.