Ch. 311                                    LAWS OF MARYLAND

The Department may guarantee a loan made to an applicant
only if:

(1)  The applicant meets the qualifications required
by this [subheading] SUBTITLE;

(2)  The loan is to be used to finance a group or
family day care facility project; and

(3)  The loan to be guaranteed is to be used for
expansion or financing of a day care facility.                     

[13-309.] 6-209.

(a)  To apply for financial assistance, an applicant shall
submit to the Department an application on the form that the
Department requires.

(b)  The application shall include:

(1)  A detailed description of the project;

(2)  An itemization of known and estimated costs;

(3)  The total amount of investment required to
perform the contract;

(4)  The funds available to the applicant without loan
guarantee assistance from the Department;

(5)  The amount of loan guarantee assistance sought
from the Department;

(6)  Information that relates to the inability of the
applicant to obtain adequate financing on reasonable terms
through normal lending channels;

(7)  Information that relates to the financial status
of the applicant, including, if applicable:

(i) A current audited balance sheet;

(ii) -A profit and loss statement; and

(iii) Credit references; and

(8)  Any other relevant information that the
Department requests.

[13-310.] 6-210.

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