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Statutes Text

Article - Economic Development




§5–205.

    (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.



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