§ 5-205. Loan--Application

West's Annotated Code of MarylandEconomic DevelopmentEffective: July 1, 2010

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 2. Maryland Economic Adjustment Fund (Refs & Annos)
Effective: July 1, 2010
MD Code, Economic Development, § 5-205
§ 5-205. Loan--Application
Currentness
Form
(a) An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.
Required information
(b) The application shall include:
(1) a detailed strategic business plan;
(2) the amount of money required for the activities described in the strategic business plan;
(3) the money available to the applicant without financial assistance from the Department;
(4) the amount of financial assistance requested from the Department;
(5) information relating to the financial status of the applicant, including, if applicable:
(i) a current balance sheet;
(ii) a profit and loss statement; and
(iii) credit references; and
(6) any other relevant information that the Department requests.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2010, c. 14, § 1, eff. July 1, 2010.
MD Code, Economic Development, § 5-205, MD ECON DEV § 5-205
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document