15 USC 6901 - Definitions

U.S Code last checked for updates: Apr 26, 2024

§ 6901.

Definitions

For purposes of this chapter, the following definitions shall apply:

(1)

Administration

(2)

Administrator

(3)

Capacity building services

(4)

Collaborative

(5)

Disadvantaged entrepreneur

The term “disadvantaged entrepreneur” means a microentrepreneur that is—

(A)

a low-income person;

(B)

a very low-income person; or

(C)

an entrepreneur that lacks adequate access to capital or other resources essential for business success, or is economically disadvantaged, as determined by the Administrator.

(6)

Indian tribe

(7)

Intermediary

(8)

Low-income person

(9)

Microentrepreneur

(10)

Microenterprise

The term “microenterprise” means a sole proprietorship, partnership, or corporation that—

(A)

has fewer than 5 employees; and

(B)

generally lacks access to conventional loans, equity, or other banking services.

(11)

Microenterprise development organization or program

(12)

Training and technical assistance

(13)

Very low-income person

(Pub. L. 103–325, title I, § 172, as added Pub. L. 106–102, title VII, § 725, Nov. 12, 1999, 113 Stat. 1472.)

cite as: 15 USC 6901