A loan under the Program may be made to: Eligible local jurisdictions; Eligible nonprofit organizations; and Eligible businesses. A borrower for a loan under the Program shall: Have the legal capacity and all necessary legal authority to incur the obligations of a loan under the Program; Provide a complete application to the Administration before the expiration of any applicable deadlines; If the borrower is a business entity, be in good standing with the State Department of Assessments and Taxation and be: Incorporated in the State; or Registered to do business in the State; Pay any fees required by the Administration; and Meet any other requirement deemed appropriate by the Administration.