Sec. 489.301. DEFINITIONS. In this subchapter: (1) "Declared disaster" means a state of disaster declared by the governor under Chapter 418 . (2) "Financial institution" includes a bank, trust company, banking association, savings and loan association, mortgage company, investment bank, credit union, and nontraditional financial institution. (3) "Micro-business" means a corporation, partnership, sole proprietorship, or other legal entity that: (A) is domiciled in this state and has at least 95 percent of its employees located in this state; (B) is formed to make a profit; and (C) employs not more than 20 employees. (4) "Participating financial institution" means a financial institution participating in the program. (5) "Program" means the micro-business disaster recovery loan guarantee program.
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