§ 5-455. Application

MD Econ Dev Code § 5-455 (2019) (N/A)
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(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.