As used in this chapter, unless a different meaning clearly appears in the context:
"Department" means the department of business and economic development;
"Director" means the director of business and economic development;
"Financial institution" includes, but is not limited to, banks and other lending institutions whose regular course of business entails the making of commercial and industrial loans;
"Loan" means a direct loan made by the department, a loan in which the State participates with financial institutions, including the SBA, or a loan made to a local development company;
"Local development company" means a corporation chartered under any applicable state corporation law to operate in a specified area within the State;
"SBA" means the Small Business Administration of the United States Government;
"SBIA" means the Small Business Investment Act of 1958 ( P.L. 85-699), as amended;
"SBIC" means the Small Business Investment Company which provides venture capital to meet the equity needs of small business concerns;
"Small business concern" means any business entity, including its affiliates or subsidiaries, which is non-dominant in its field and organized for profit, and which conforms with the SBA definition of a small business as defined by title 13, section 121.3-10 of the Code of Federal Regulations;
"State" means the State of Hawaii.
Haw. Code R. § 15-2-2