Definitions.
F.S. 288.9932
in effectAs used in this part, the term:
(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: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter288/AllFetched: 7/8/2026