# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 18. Capital Access Program

#### Section 5-1801

(a) In this subtitle the following words have the meanings indicated.

(b) "Borrower" means a business that:

  (1) qualifies as a small business under the U.S. Small Business Administration size standards;

  (2) applies to a lender for business financing; and

  (3) has fewer than 50 employees.

(c) "Lender" means:

  (1) a credit union, as defined in Sec. 1-101 of the Financial Institutions Article;

  (2) a financial institution, as defined in Sec. 1-101 of the Financial Institutions Article; or

  (3) a community development financial institution as defined in 12 U.S.C. Sec. 4702(5).

(d) "Program" means the Capital Access Program established under Sec. 5-1802 of this subtitle.

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