(a) An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.
(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.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 2 - Maryland Economic Adjustment Fund
Section 5-202 - Approval of Financial Assistance From Fund
Section 5-203 - Maryland Economic Adjustment Fund
Section 5-205 - Loan -- Application
Section 5-206 - Loan -- Terms and Conditions