(a) To obtain fixed asset financing under this part, an eligible business shall apply to a lender for fixed asset financing.
(b) Fixed asset financing under this part may not exceed $500,000 for an eligible business.
(c) In addition to the information that the lender requires in its standard loan application, the applicant shall provide to the lender, in a form that the Authority prescribes:
(1) a certification, with supporting documentation, that the applicant is an eligible business; and
(2) a description of the number and kinds of jobs to be created or retained as a result of providing the linked deposit.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 4 - Maryland Industrial Development Financing Authority
Part VI - Linked Deposit Program
Section 5-456 - Conditional Approval
Section 5-458 - Payment Schedule