# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 2. Maryland Economic Adjustment Fund

#### Section 5-205

(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.

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