There are plenty of small businesses that have $1 million in yearly revenue or more. A single restaurant can easily make that or more a year.
If you go with SBA definitions, they use a $1 million to about $40 million range for revenue, and a maximum of 100 to 1,500 employees depending on the industry[1].
I mean, I would imagine a single restaurant would have to make more revenue in a single year to no longer be a small business - their costs of goods are far higher.
Meanwhile, when someone says "small businesses" cannot afford something, and that small business is a 1,500 person software company with $40 million in revenue, I think more "that is no longer a small business" than "poor small business". And if it turns out I'm technically wrong about a legal definition of small business, that's not going to change how concerned I am about that 1,500 person company - it's going to make me specify my concern is around supersmall businesses or whatever. That is, me being wrong about terminology is primarily going to make me change the terms I use.
If you go with SBA definitions, they use a $1 million to about $40 million range for revenue, and a maximum of 100 to 1,500 employees depending on the industry[1].
[1] https://www.census.gov/library/stories/2021/01/what-is-a-sma...