15 U.S. Code § 6901 - Definitions
prev | next
For purposes of this chapter, the following definitions shall apply:
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 “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—
(6) Indian tribe
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 “microentrepreneur” means the owner or developer of a microenterprise.
The term “microenterprise” means a sole proprietorship, partnership, or corporation that—
(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.
Source(Pub. L. 103–325, title I, § 172, as added Pub. L. 106–102, title VII, § 725,Nov. 12, 1999, 113 Stat. 1472.)
Pub. L. 103–325, title I, § 171, as added by Pub. L. 106–102, title VII, § 725,Nov. 12, 1999, 113 Stat. 1471, provided that: “This subtitle [subtitle C (§§ 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’.”
LII has no control over and does not endorse any external Internet site that contains links to or references LII.