(a) The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section.
(b) The business plan of an enterprise shall include:
(1) a description of the small business or existing business and its management, product, and market;
(2) a statement of the amount, immediacy of need, and projected use of the capital required;
(3) a statement of the potential economic impact of the purchase;
(4) information that relates to the satisfaction of the applicant’s requirements of § 5–557(d) and (e) of this subtitle; and
(5) any other information the Authority requires.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 5 - Maryland Small Business Development Financing Authority
Part V - Equity Participation Investment Program
Section 5-550 - Legislative Findings; Purposes
Section 5-552 - Administration
Section 5-554 - Equity Participation Investment Program Fund -- Established
Section 5-555 - Fund -- in General
Section 5-556 - Application for Financing
Section 5-557 - Requirements for Financing
Section 5-558 - Limitation on Liability of State
Section 5-559 - Conversion of Coronavirus Pandemic Financing