§ 5–455
Statutes in effect as of October 1, 2026.
Md. Code Ann., Econ. Dev. § 5-455 (2026)
Title 5. Economic Development and Financial Assistance Programs
Subtitle 4. Maryland Industrial Development Financing Authority
§ 5–455LinkCopy Citation
(a)
To obtain fixed asset financing under this part, an eligible business shall apply to a lender for fixed asset financing.
(b)
Fixed asset financing under this part may not exceed $500,000 for an eligible business.
(c)
In addition to the information that the lender requires in its standard loan application, the applicant shall provide to the lender, in a form that the Authority prescribes:
(1)
a certification, with supporting documentation, that the applicant is an eligible business; and
(2)
a description of the number and kinds of jobs to be created or retained as a result of providing the linked deposit.