Maryland Statutes
Subtitle 10 - Military Personnel and Veteran-Owned Small Business No-Interest Loan Program
Section 5-1002 - Established

(a)    Subject to the availability of funds, the Department, in consultation with the Department of Veterans Affairs, shall establish a program to provide no–interest loans under this subtitle to:
        (1)    small business employers of military reservists and National Guard personnel who are called to active duty;
        (2)    businesses owned by military reservists and National Guard personnel who are called to active duty;
        (3)    veteran–owned small businesses; and
        (4)    businesses employing a service–disabled veteran.
    (b)    If the availability of funds is limited, in making loans under this subtitle, the Department, in consultation with the Department of Veterans Affairs, shall give priority to the businesses described in subsection (a)(2) and (3) of this section.
    (c)    In making loans under this subtitle, the Department, in consultation with the Department of Veterans Affairs, shall take into consideration how to maximize the number of veterans, military reservists, and National Guard personnel who would benefit from loans made under this subtitle.

Structure Maryland Statutes