Maryland Code, Economic Development § 5-455

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, Economic Development § 5-455 - last updated January 01, 2025 | https://codes.findlaw.com/md/economic-development/md-code-econ-dev-sect-5-455/

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