Microenterprise Law and Legal Definition

According to 15 USCS § 6901 (10), [Title 15. Commerce and Trade; Chapter 95. Microenterprise Technical Assistance and Capacity Building Program] the term microenterprise means “a sole proprietorship, partnership, or corporation that--

(A) has fewer than 5 employees; and

(B) generally lacks access to conventional loans, equity, or other banking services.”