§ 5–205

Statutes in effect as of October 1, 2026.

Md. Code Ann., Econ. Dev. § 5-205 (2026)

Title 5. Economic Development and Financial Assistance Programs

Subtitle 2. Maryland Economic Adjustment Fund

(a)

An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.

(b)

The application shall include:

(1)

a detailed strategic business plan;

(2)

the amount of money required for the activities described in the strategic business plan;

(3)

the money available to the applicant without financial assistance from the Department;

(4)

the amount of financial assistance requested from the Department;

(5)

information relating to the financial status of the applicant, including, if applicable:

(i)

a current balance sheet;

(ii)

a profit and loss statement; and

(iii)

credit references; and

(6)

any other relevant information that the Department requests.