SMEs are defined in the provisions of the “Regulation on the Definition, Qualifications, and Classification of Small and Medium-sized Enterprises” dated 19.10.2005 and no. 2005/9617, as amended by Council of Ministers Decree dated 30.04.2018 and no. 2018/11828 and Council of Ministers Decree dated 10.09.2012 and no. 2012/3834 as small and medium-sized enterprises engaged in any kind of economic and commercial activity regardless of their legal status. Generally, businesses with fewer than 250 year-round employees and less than 125 million TL in annual net sales or any of the financial balance sheet items.