Current with changes from the 2024 Legislative Session
Section 5-556 - Application for financing(a) 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) The business plan of an enterprise shall include: (1) a description of the small 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.Amended by 2014 Md. Laws, Ch. 71,Sec. 1, eff. 7/1/2014.Amended by 2014 Md. Laws, Ch. 70,Sec. 1, eff. 7/1/2014.