### Question
Can you define what business enterprise owned and controlled by socially and economically disadvantaged individuals means?


### Answer
**Business enterprise owned and controlled by socially and economically disadvantaged individuals** is defined as the following in *12 U.S.C. § 5701*:

> a business that—


(A) if privately owned, 51 percent is owned by one or more socially and economically disadvantaged individuals

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

