For purposes of this chapter, the following definitions shall apply:
(1) Administration
The term Administration means the Small Business Administration.
(2) Administrator
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.
(4) Collaborative 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
(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 The term Indian tribe has the meaning given the term in section
4702 of title
12.
(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.
(8) Low-income person 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.
(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 The term microenterprise development organization or program means a
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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.
(13) Very low-income person The term very low-income person means having an income, adjusted for family size, of not more than 150 percent of the poverty line (as defined in section
9902 (2) of title
42, including any revision required by that section).
