(III) THE AMOUNT OF FINANCIAL ASSISTANCE REQUESTED FROM
THE DEPARTMENT;

(2) THE AMOUNT OF FUNDS AVAILABLE TO THE APPLICANT WITHOUT
FINANCIAL ASSISTANCE FROM THE DEPARTMENT;

(3) INFORMATION RELATING TO THE FINANCIAL STATUS OF THE
APPLICANT, INCLUDING:

(I) A CURRENT BALANCE SHEET;

(II) A PROFIT AND LOSS STATEMENT;

(III) CREDIT REFERENCES; AND

(IV) EVIDENCE THAT THE APPLICANT AND THE OWNERS ARE
FINANCIALLY RESPONSIBLE, INCLUDING A STATEMENT OR EVIDENCE THAT
NEITHER THE APPLICANT NOR ANY OF ITS OWNERS:

1. HAVE HAS FILED FOR BANKRUPTCY IN THE 7 YEARS
PRECEDING THE APPLICATION;

2. HAVE HAS ANY EXISTING LIENS OR JUDGMENTS; AND

3. CURRENTLY OWE OWES ANY STATE OR FEDERAL TAXES
THAT WERE NOT PAID WHEN DUE;

(4) IF THE APPLICANT IS NOT AN INDIVIDUAL, INFORMATION SHOWING
THE FINANCIAL STATUS OF EACH OWNER OF THE APPLICANT, INCLUDING:

(I) A CURRENT BALANCE SHEET;

(II) AN INCOME STATEMENT; AND

(III) CREDIT REFERENCES; AND

(5) EVIDENCE THAT THE APPLICANT HAS MADE REASONABLE EFFORTS
TO OBTAIN FINANCIAL ASSISTANCE ON REASONABLE TERMS FROM OTHER
SOURCES; AND

(5) EVIDENCE THAT THE APPLICANT HAS REQUESTED A LOAN FOR THE
SAME PURPOSE FROM A FINANCIAL INSTITUTION AND THE REQUEST HAS BEEN
DECLINED; AND

(6) (5) (6) ANY OTHER RELEVANT INFORMATION THAT THE

DEPARTMENT REQUESTS.

5-1304.

(A) EXCEPT AS PROVIDED IN THIS SUBTITLE, THE DEPARTMENT MAY SET THE
TERMS AND CONDITIONS FOR LOANS, LOAN GUARANTEES, AND ANY OTHER
FINANCIAL ASSISTANCE PROVIDED UNDER THIS SUBTITLE.

(B) THE DEPARTMENT MAY REQUIRE ANY SECURITY OR GUARANTEE FOR
FINANCIAL ASSISTANCE AS IT DEEMS APPROPRIATE.