Fla. Stat. 288.9932
Definitions

(1)

“Applicant” means an entrepreneur or small business that applies to a loan administrator for a microloan.

(2)

“Entrepreneur” means an individual residing in this state who desires to assume the risk of organizing, managing, and operating a small business in this state.

(3)

“Network” means the Florida Small Business Development Center Network.

(4)

“Small business” means a business, regardless of corporate structure, domiciled in this state which employs 25 or fewer people and generated average annual gross revenues of $1.5 million or less per year for the preceding 2 years. For the purposes of this part, the identity of a small business is not affected by name changes or changes in personnel.

Source: Section 288.9932 — Definitions, https://www.­flsenate.­gov/Laws/Statutes/2024/0288.­9932 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 288.9932. Definitions's source at flsenate​.gov