§ 5–1001
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-1001 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 10. Uniformed Services Personnel and Veteran-Owned Small Business No-Interest Loan Program
§ 5–1001LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Active duty” has the meaning stated in § 9–901 of the State Government Article.
(c)
“Fund” means the Uniformed Services Personnel and Veteran–Owned Small Business No–Interest Loan Fund established under § 5–1006 of this subtitle.
(d)
“Reserve component” has the meaning stated in § 9–901 of the State Government Article.
(e)
“Service–disabled veteran” means a veteran with a disability that is service–connected, as defined in 38 U.S.C. § 101(16).
(f)
(1)
“Small business employer” means an employer who employed an average of 50 or fewer employees on business days during the calendar year preceding the determination of eligibility for a loan under this subtitle.
(2)
For purposes of paragraph (1) of this subsection, all persons treated as a single employer under § 414(b), (c), (m), or (o) of the Internal Revenue Code shall be treated as a single employer under this subtitle.
(g)
“Uniformed services” has the meaning stated in § 9–901 of the State Government Article.
(h)
“Veteran” has the meaning stated in § 9–901 of the State Government Article.
(i)
“Veteran–owned small business” means a small business that is at least 51% owned by a veteran.