Section 5-205 - Loan - Application. - Maryland Statutes

§ 5-205. Loan - Application.
 

(a)  Form.- An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires. 

(b)  Required information.- 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. 
 

[An. Code 1957, art. 83A, § 6-508; 2008, ch. 306, § 2; 2010, ch. 14.]