§6901 Definitions

Summary

Defines key words for the chapter on microenterprise support. Administration is the Small Business Administration. Administrator is the head of the SBA. Capacity building services are help to start or improve microenterprise organizations so they can train disadvantaged entrepreneurs. Collaborative means two or more nonprofits acting together. Disadvantaged entrepreneur is a microentrepreneur who is low-income, very low-income, or lacks access to capital or key resources as decided by the Administrator. Indian tribe and low-income person use the meanings in section 4702 of title 12. Intermediary is a nonprofit that serves microenterprise organizations as allowed in section 6904. Microentrepreneur is an owner or developer of a microenterprise. Microenterprise is a sole proprietorship, partnership, or corporation with fewer than 5 employees and generally without conventional loans or banking access. Microenterprise development organization or program is a nonprofit or its program serving disadvantaged entrepreneurs. Training and technical assistance are help with business planning, marketing, management, finances, and accessing financial services. Very low-income person means income up to 150 percent of the poverty line (see section 9902(2) of title 42, including any revisions).