Md. Code, Econ. Dev. § 5-455
Md. Code, Econ. Dev. § 5-455
Maryland · Maryland Code, Economic Development · Status: effective
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- Md. Code, Econ. Dev. § 5-455, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1765754
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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.