[§211D-1]  Definitions.  As used in thischapter, unless the context otherwise requires:

"Capital access loan" means a loanthat is entitled to be secured by the fund.

"Department" means the department ofbusiness, economic development, and tourism.

"Financial institution" includes abank, trust company, banking association, savings and loan association,mortgage company, investment bank, credit union, or nontraditional financialinstitution.

"Fund" means the Hawaii capital loanrevolving fund established in section 210-3.

"Loan" includes a line of credit.

"Medium-sized business" means acorporation, 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 fivehundred full-time employees.

"Nonprofit organization" means aprivate, nonprofit, tax-exempt corporation, association, or organization listedin section 501(c)(3), Internal Revenue Code of 1986, as amended, that isdomiciled in this State.

"Participating financial institution"means a financial institution participating in the program.

"Program" means the capital accessprogram.

"Reserve account" means an accountestablished in a participating financial institution on approval of thedepartment in which money is deposited to serve as a source of additionalrevenue to reimburse the financial institution for losses on loans enrolled inthe 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-timeemployees. [L 2000, c 290, pt of §2]