WILLIAM DONALD SCHAEFER, Governor

(2) THE LOAN IS TO BE USED FOR EXPANSION OR FINANCING
OF A CHILD CARE FACILITY.

6-2A-09.

(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 PROPOSED OR
EXISTING CHILD CARE FACILITY;

(2)  AN ITEMIZATION OF KNOWN AND ESTIMATED COSTS;

(3)  THE TOTAL AMOUNT OF INVESTMENT REQUIRED TO EXPAND
OR DEVELOP THE CHILD CARE FACILITY;

(4)  THE FUNDS AVAILABLE TO THE APPLICANT WITHOUT
FINANCIAL ASSISTANCE FROM THE DEPARTMENT;

(5)  THE AMOUNT OF FINANCIAL ASSISTANCE SOUGHT FROM
THE DEPARTMENT;

(6)  EVIDENCE OF THE INABILITY OF THE APPLICANT TO
OBTAIN THE FINANCING NECESSARY FOR THE FACILITY ON REASONABLE
TERMS THROUGH NORMAL LENDING CHANNELS, INCLUDING DOCUMENTATION
THAT THE APPLICANT FOR A DIRECT LOAN HAS APPLIED FOR AND BEEN
DENIED A LOAN BY 2 FINANCIAL INSTITUTIONS;

(7)  INFORMATION THAT RELATES TO THE FINANCIAL STATUS
OF THE APPLICANT, INCLUDING, IF APPLICABLE:

(I)  A CURRENT BALANCE SHEET;

(II)  A PROFIT AND LOSS STATEMENT; AND

(III)  CREDIT REFERENCES; AND

(8)  EVIDENCE THAT THE LOAN APPLICANT OWNS OR HAS AN
OPTION TO PURCHASE THE CHILD CARE FACILITY, SUCH AS A DEED OF
TITLE, A MORTGAGE LIEN, OR A FINANCING STATEMENT; AND

(8) (9) ANY OTHER RELEVANT INFORMATION THAT THE
DEPARTMENT REQUESTS.

6-2A-10.

(A) EXCEPT AS PROVIDED IN THIS SUBTITLE, THE DEPARTMENT MAY
SET THE TERMS AND CONDITIONS FOR DIRECT LOANS.

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