§ 6901. — Definitions.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC6901]
TITLE 15--COMMERCE AND TRADE
CHAPTER 95--MICROENTERPRISE TECHNICAL ASSISTANCE AND CAPACITY BUILDING
PROGRAM
Sec. 6901. Definitions
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 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 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 nonprofit entity, or a program administered by such an
entity, including community development corporations or other
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).
(Pub. L. 103-325, title I, Sec. 172, as added Pub. L. 106-102, title
VII, Sec. 725, Nov. 12, 1999, 113 Stat. 1472.)
Short Title
Pub. L. 103-325, title I, Sec. 171, as added by Pub. L. 106-102,
title VII, Sec. 725, Nov. 12, 1999, 113 Stat. 1471, provided that:
``This subtitle [subtitle C (Secs. 171-181) of title I of Pub. L. 103-
325, as added by Pub. L. 106-102, enacting this chapter] may be cited as
the `Program for Investment in Microentrepreneurs Act of 1999', also
referred to as the `PRIME Act'.''
