Md. Code, EC§ 5-457

Current with changes from the 2024 Legislative Session

Section 5-457 - Review

In determining whether to accept a linked deposit loan package, the Authority shall confirm the eligibility of the applicant and consider:

(1) the number and kinds of jobs to be created or retained as a result of providing the linked deposit;

(2) the amount of the loan;

(3) the amount of money in the Fund and the amount committed to linked deposits;

(4) whether the availability of linked deposit financing is essential for the economic feasibility of the acquisition;

(5) the economic needs of the area in which the eligible business is located;

(6) the financial feasibility of the loan; and

(7) other factors that the Authority considers relevant.

Md. Code, EC§ 5-457