# Economic Development (GEC)

## Title 5. Economic Development and Financial Assistance Programs

### Subtitle 4. Maryland Industrial Development Financing Authority

#### Section 5-455

(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.

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