# COMAR Title 24 — Department of Commerce

## Subtitle 05 — Economic Development

### Chapter 08 — Small Business Development Guaranty Fund

#### Regulation .05 Eligible Uses.

*COMAR 24.05.08.05*

The purposes for which the loan is to be used include:

A. Working capital;

B. The acquisition and related installation of machinery or equipment;

C. Necessary improvements to real property leased or owned in fee simple by the applicant; or

D. The acquisition of real property to be owned in fee simple by the applicant if:

  (1) The real property is to be used in the operation of the applicant's trade or business for which the loan and guarantee are sought, and

  (2) A lien is placed on the real property by the financial institution.