Md. Code, Economic Development § 5-455
This is the official text of Md. Code, Economic Development § 5-455, part of Maryland’s Code, Economic Development — governs the state's economic development programs.
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§5–455.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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