1. Short title This Act may be cited as the Small Business Comeback Act . 2. Definitions In this Act, the following definitions apply: (1) Applicant The term applicant means a business filing an application for recovery compensation under this Act. (2) Business The term business is intended broadly to refer to any type of for-profit business concern, nonprofit organization, veteran’s organization, or Tribal business concern, and shall include individuals who operate under a sole proprietorship or as an independent contractor, and eligible self-employed individuals. (3) Collateral source The term collateral source means all compensation received by the applicant as a result of the losses for which the applicant is seeking compensation under this Act, including payments by Federal, State, or local governments, related to losses arising from the COVID–19 pandemic. (4) COVID–19 pandemic The term COVID–19 pandemic means the national emergency proclaimed by the President on March 13, 2020. (5) Eligible applicants The term eligible applicants means any type of for-profit business concern, nonprofit organization, veteran’s organization, or Tribal business concern, and shall include individuals who operate under a sole proprietorship or as an independent contractor, and eligible self-employed individuals. (6) Eligible self-employed individual The term eligible self-employed individual has the meaning given the term in section 7002(b) of the Families First Coronavirus Response Act ( Public Law 116–127 ). (7) Financial institution The term financial institution means any institution the business of which is engaging in financial activities as described in section 4(k) of the Bank Holding Company Act ( 12 U.S.C. 1843(k) ). (8) Low-to-moderate income community The term low-to-moderate income community means a census tract where the annualized family income of the households or residents in the census tract are below 80 percent of the HUD median income for the county where the census tract is located. (9) Minority-owned