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§ 5-1804. Qualification of loan

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2021

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 5. Economic Development and Financial Assistance Programs (Refs & Annos)
Subtitle 18. Capital Access Program (Refs & Annos)
Effective: October 1, 2021
MD Code, Economic Development, § 5-1804
§ 5-1804. Qualification of loan
Currentness
A loan qualifies under the Program if the loan:
(1) satisfies the lending criteria of the financial institution;
(2) has a term not exceeding 10 years;
(3) may be short or long term, have fixed or variable rates, and be secured or unsecured; and
(4) does not exceed $250,000.

Credits

Added by Acts 2021, c. 704, § 1, eff. Oct. 1, 2021.
MD Code, Economic Development, § 5-1804, MD ECON DEV § 5-1804
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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