A project qualifies as a business project if the project is: located in: an area designated as a priority funding area under § 5–7B–02 of the State Finance and Procurement Article; or a qualified opportunity zone designated under § 1400Z–1 of the Internal Revenue Code in Allegany County, Baltimore City, Baltimore County, Charles County, Garrett County, Howard County, Montgomery County, Prince George’s County, Somerset County, or Wicomico County; and acquired, owned, developed, constructed, reconstructed, rehabilitated, or improved by a person or an entity for the purposes of carrying on a business whether or not for profit; or eligible for funding from the Neighborhood Business Development Fund under § 6–310 of this article. Repayment of principal and interest for a business project may be secured by: real property; personal property; bank accounts; certificates of deposit, stocks, and bonds; credit enhancement, assurance, or guaranty; or any other collateral acceptable to the Administration. Financial assistance for a business project may be provided as: a loan; a reduction in the principal obligation of or interest rate on a loan or portion of a loan; a prepayment of interest on a subordinate or superior loan or portion of a loan; an assurance; a guarantee or other form of credit enhancement; or a promissory note that may be converted to an equity ownership interest and liquidated at the earliest opportunity to realize the highest market value for the Administration.