15 USC 6901 - Definitions
For purposes of this chapter, the following definitions shall apply:
(1) Administration
The term Administration means the Small Business Administration.
The term Administration means the Small Business Administration.
(2) Administrator
The term Administrator means the Administrator of the Small Business Administration.
The term Administrator means the Administrator of the Small Business Administration.
(3) Capacity building services
The term capacity building services means services provided to an organization that is, or that is in the process of becoming, a microenterprise development organization or program, for the purpose of enhancing its ability to provide training and services to disadvantaged entrepreneurs.
The term capacity building services means services provided to an organization that is, or that is in the process of becoming, a microenterprise development organization or program, for the purpose of enhancing its ability to provide training and services to disadvantaged entrepreneurs.
(4) Collaborative
The term collaborative means 2 or more nonprofit">nonprofit entities that agree to act jointly as a qualified organization under this chapter.
The term collaborative means 2 or more nonprofit">nonprofit entities that agree to act jointly as a qualified organization under this chapter.
(5) Disadvantaged entrepreneur
The term disadvantaged entrepreneur means a microentrepreneur that is
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.
(7) Intermediary
The term intermediary means a private, nonprofit">nonprofit entity that seeks to serve microenterprise development organizations and programs as authorized under section 6904 of this title.
The term intermediary means a private, nonprofit">nonprofit entity that seeks to serve microenterprise development organizations and programs as authorized under section 6904 of this title.
(8) Low-income person
The term low-income person has the meaning given the term in section 4702 of title 12.
The term low-income person has the meaning given the term in section 4702 of title 12.
(9) Microentrepreneur
The term microentrepreneur means the owner or developer of a microenterprise.
The term microentrepreneur means the owner or developer of a microenterprise.
(10) Microenterprise
The term microenterprise means a sole proprietorship, partnership, or corporation that
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
The term microenterprise development organization or program means a nonprofit">nonprofit entity, or a program administered by such an entity, including community development corporations or other nonprofit">nonprofit development organizations and social service organizations, that provides services to disadvantaged entrepreneurs.
The term microenterprise development organization or program means a nonprofit">nonprofit entity, or a program administered by such an entity, including community development corporations or other nonprofit">nonprofit development organizations and social service organizations, that provides services to disadvantaged entrepreneurs.
(12) Training and technical assistance
The term training and technical assistance means services and support provided to disadvantaged entrepreneurs, such as assistance for the purpose of enhancing business planning, marketing, management, financial management skills, and assistance for the purpose of accessing financial services.
The term training and technical assistance means services and support provided to disadvantaged entrepreneurs, such as assistance for the purpose of enhancing business planning, marketing, management, financial management skills, and assistance for the purpose of accessing financial services.