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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