620.1048.  Definitions. — As used in sections 620.1045 to 620.1063, the following terms mean:

  (1)  "Borrower", any small business that receives a loan with respect to which an amount is added to a program loss reserve account as provided in sections 620.1045 to 620.1063;

  (2)  "Department", the Missouri department of economic development;

  (3)  "Financial institution" or "institution", any bank, trust company, savings bank, credit union or savings and loan association with an office in Missouri which participates in the program;

  (4)  "Loan", a loan, sale and lease back, financial lease, conditional sale or any other extension of credit;

  (5)  "Program", the Missouri capital access program established in sections 620.1045 to 620.1063;

  (6)  "Small business", an independently owned and operated business as defined in 15 U.S.C. 632(a) and as described by 13 CFR 121, which is headquartered in and which employs at least eighty percent of its employees in Missouri, except that no such business shall have more than one hundred employees nor shall such business's annual revenues have^* exceeded five million dollars in its most recently completed fiscal year.  Such business must be involved in manufacturing, processing or assembling products, conducting research and development or providing services, but shall not include retail, real estate, insurance or professional services.