Definitions

Definitions. For purposes of this program, the term “socially and economically disadvantaged small business concern” shall have the meaning ascribed to such term under the Small Business Act (15 U.S.C.S., Section 637 (A)) and shall include all women. MBE Loan applicants, regardless of race or gender, must be determined to be socially and economically disadvantaged due to diminished capital and credit opportunities as compared to others in the same business area that are not socially disadvantaged.