1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Active duty” has the meaning stated in § 9-901 of the State Government Article.
3. (c) “Fund” means the Uniformed Services Personnel and Veteran-Owned Small Business No-Interest Loan Fund established under § 5-1006 of this subtitle.
4. (d) “Reserve component” has the meaning stated in § 9-901 of the State Government Article.
5. (e) “Service-disabled veteran” means a veteran with a disability that is service-connected, as defined in 38 U.S.C. § 101(16).

6. (f)

   1. (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. (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.
7. (g) “Uniformed services” has the meaning stated in § 9-901 of the State Government Article.
8. (h) “Veteran” has the meaning stated in § 9-901 of the State Government Article.
9. (i) “Veteran-owned small business” means a small business that is at least 51% owned by a veteran.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2008, c. 307, § 1, eff. Oct. 1, 2008; Acts 2009, c. 730, § 1, eff. July 1, 2009; Acts 2013, c. 105, § 1, eff. Oct. 1, 2013; Acts 2015, c. 390, § 1, eff. July 1, 2015; Acts 2025, c. 5, § 1, eff. Oct. 1, 2025; Acts 2025, c. 6, § 1, eff. Oct. 1, 2025.