Section 5-455 - Application. - Maryland Statutes

§ 5-455. Application.
 

(a)  In general.- To obtain fixed asset financing under this part, an eligible business shall apply to a lender for fixed asset financing. 

(b)  Limitation.- Fixed asset financing under this part may not exceed $500,000 for an eligible business. 

(c)  Requirements.- 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. 
 

[An. Code 1957, art. 83A, § 5-927(d); 2008, ch. 306, § 2.]