# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 10. Uniformed Services Personnel and Veteran-Owned Small Business No-Interest Loan Program

#### Section 5-1003

Loans shall be made under this subtitle for the purposes of:

(1) providing financial support to:

  (i) a business owned by a reserve component member who is called to active duty; or

  (ii) a small business employer of a reserve component member who is called to active duty;

(2) making the home, motor vehicle, or place of employment of a veteran accessible to individuals with disabilities, including purchasing equipment necessary to enable a business to employ a service-disabled veteran or to enable a service-disabled veteran to operate a business; and

(3) defraying other necessary expenses, as determined by the Department of Veterans and Military Families, incurred by:

  (i) a business employing a service-disabled veteran; or

  (ii) a veteran-owned small business.

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Md. Code Ann., Econ. Dev. (as displayed at mgaleg.maryland.gov, October 16, 2026)