### Question
How is the term socially and economically disadvantaged individual defined?


### Answer
The term **socially and economically disadvantaged individual** is defined in *12 U.S.C. § 5701* as the following:

> an individual who is a socially disadvantaged individual or an economically disadvantaged individual, as such terms are defined, respectively, under section 637 of title 15 and the regulations thereunder

#### Citation:
  - *12 U.S.C. § 5701*
  - Heading: **CHAPTER 54-STATE SMALL BUSINESS CREDIT INITIATIVE**

