Section 5-556 - Application for financing. - Maryland Statutes

§ 5-556. Application for financing.
 

(a)  Business plan.- The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section. 

(b)  Contents.- The business plan of an enterprise shall include: 

(1) a description of the franchise, technology-based business, other business, or existing business and its management, product, and market; 

(2) a statement of the amount, immediacy of need, and projected use of the capital required; 

(3) a statement of the potential economic impact of the purchase; 

(4) information that relates to the satisfaction of the applicant's requirements of § 5-557(d) and (e) of this subtitle; and 

(5) any other information the Authority requires. 
 

[An. Code 1957, art. 83A, § 5-1046(a); 2008, ch. 306, § 2.]