§5–1001.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Fund” means the Military Personnel and Veteran–Owned Small Business No–Interest Loan Fund established under § 5–1006 of this subtitle.

    (c)    “Service–disabled veteran” means a veteran with a disability that is service–connected, as defined in 38 U.S.C. § 101(16).

    (d)    (1)    “Small business employer” means an employer who employed an average of 50 or fewer employees on business days during the calendar year preceding the determination of eligibility for a loan under this subtitle.

        (2)    For purposes of paragraph (1) of this subsection, all persons treated as a single employer under § 414(b), (c), (m), or (o) of the Internal Revenue Code shall be treated as a single employer under this subtitle.

    (e)    “Veteran–owned small business” means a small business that is at least 51% owned by a veteran as defined in 38 U.S.C. § 101(2).