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Statutes Text

Article - Economic Development




§5–1801.

    (a)    In this subtitle the following words have the meanings indicated.

    (b)    “Borrower” means a business that:

        (1)    qualifies as a small business under the U.S. Small Business Administration size standards;

        (2)    applies to a lender for business financing; and

        (3)    has fewer than 50 employees.

    (c)    “Lender” means:

        (1)    a credit union, as defined in § 1–101 of the Financial Institutions Article;

        (2)    a financial institution, as defined in § 1–101 of the Financial Institutions Article; or

        (3)    a community development financial institution as defined in 12 U.S.C. § 4702(5).

    (d)    “Program” means the Capital Access Program established under § 5–1802 of this subtitle.



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