Aspen Network of Development Entrepreneurs

Small and Growing Businesses (SGBs)



Small and Growing Businesses (SGBs) defined

Small and Growing Businesses (SGBs) are defined by ANDE as commercially viable businesses with five to 250 employees that have significant potential, and ambition, for growth.

Typically, SGBs seek growth capital from $20,000 to $2 million. SGBs differ from the more traditional characterization of small and medium enterprises (SMEs) in two fundamental ways. First, SGBs are different from livelihood-sustaining small businesses, which start small and are designed to stay that way. Second, unlike many medium-sized companies, SGBs often lack access to the financial and knowledge resources required for growth.

ANDE’s Research Initiative aims to answer the most critical questions on small and growing businesses (SGBs) by supporting research that is both academically rigorous and relevant to practitioners. Click here for more information.