Maryland Statutes
Subtitle 18 - Capital Access Program
Section 5-1801 - Definitions

(a)    In this subtitle the following words have the meanings indicated.
    (b)    “Borrower” means a business that:
        (1)    qualifies as a small business under the U.S. Small Business Administration size standards;
        (2)    applies to a lender for business financing; and
        (3)    has fewer than 50 employees.
    (c)    “Lender” means:
        (1)    a credit union, as defined in § 1–101 of the Financial Institutions Article;
        (2)    a financial institution, as defined in § 1–101 of the Financial Institutions Article; or
        (3)    a community development financial institution as defined in 12 U.S.C. § 4702(5).
    (d)    “Program” means the Capital Access Program established under § 5–1802 of this subtitle.

Structure Maryland Statutes