§211D-1 Definitions. As used in this chapter, unless the context otherwise requires: 'Capital access loan' means a loan that is entitled to be secured by the fund. 'Department' means the department of business, economic development, and tourism. 'Financial institution' includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, or nontraditional financial institution. 'Fund' means the Hawaii capital loan revolving fund established in section 210-3. 'Loan' includes a line of credit. 'Medium-sized business' means a corporation, partnership, sole proprietorship, or other legal entity that: (1) Is domiciled in this State; (2) Is formed to make a profit; and (3) Employs one hundred or more but fewer than five hundred full-time employees. 'Nonprofit organization' means a private, nonprofit, tax-exempt corporation, association, or organization listed in section 501(c)(3), Internal Revenue Code of 1986, as amended, that is domiciled in this State. 'Participating financial institution' means a financial institution participating in the program. 'Program' means the capital access program. ode of 1986, as amended, that is domiciled in this State. 'Participating financial institution' means a financial institution participating in the program. 'Program' means the capital access program. 'Reserve account' means an account established in a participating financial institution on approval of the department in which money is deposited to serve as a source of additional revenue to reimburse the financial institution for losses on loans enrolled in the program. 'Small business' means a corporation, partnership, sole proprietorship, or other legal entity that: (1) Is domiciled in this State; (2) Is formed to make a profit; (3) Is independently owned and operated; and (4) Employs fewer than one hundred full-time employees. [L 2000, c 290, pt of §2] Note Section 210-3 referred to in the definition of 'fund' is repealed.
Hawaii Legal Code