Volume 793, Page 3969 View pdf image |
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PARRIS N. GLENDENING, Governor S.B. 810 [3-608.] 6-508. (a) To apply for financial assistance, an applicant shall submit to the Department (b) The application shall include: (1) A detailed strategic business plan for achieving a goal of technology (2) The total amount of funds required for the activities described in the (3) The funds available to the applicant without financial assistance from (4) The amount of financial assistance sought from the Department; (5) Information concerning where in the State the activities to be financed (6) Evidence of the inability of the applicant to obtain the financing (7) Information that relates to the financial status of the applicant, (i) A current balance sheet; (ii) A profit and loss statement; and (iii) Credit references; and (8) Any other relevant information that the Department requests. (a) Except as provided in this subtitle, the Department may set the terms and (b) If the Department decides to lend money to an applicant, the Department (c) The loan documents shall include: (1) The rate of interest on the loan; (2) The amount of the loan; (3) Provisions for repayment of the loan, provided that the provisions for - 3969 -
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Volume 793, Page 3969 View pdf image |
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