(5) EVIDENCE THAT THE APPLICANT HAS REQUESTED A LOAN FOR THE
SAME PURPOSE FROM A FINANCIAL INSTITUTION AND THE REQUEST HAS BEEN
DECLINED MADE REASONABLE EFFORTS TO OBTAIN FINANCIAL ASSISTANCE ON
REASONABLE TERMS FROM OTHER SOURCES; AND

(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.

(C) THE AMOUNT OF ANY FINANCIAL ASSISTANCE SHALL NOT BE LESS THAN
$10,000 AND SHALL NOT EXCEED $100,000.

(D) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION, THE
TERM OF ANY LOAN OR OTHER FINANCIAL ASSISTANCE MAY NOT EXCEED 10 YEARS.

(2) IF MORE THAN 50%, OF THE PROCEEDS OF A LOAN MADE FROM THE
FUND ARE USED FOR WORKING CAPITAL, THE TERM OF THE LOAN MAY NOT EXCEED
1 YEAR, UNLESS: 

(I) AT THE END OF 1 YEAR, THE DEPARTMENT REVIEWS THE
BORROWER'S PERFORMANCE AND FINANCIAL CONDITION AND DETERMINES THAT A
1-YEAR EXTENSION OF THE TERM IS APPROPRIATE; AND

(II) IN THE CASE OF A LOAN TERM THAT IS EXTENDED FOR AN
ADDITIONAL YEAR AT THE END OF THE ADDITIONAL YEAR THE DEPARTMENT
REPEATS THE REVIEW AND DETERMINES THAT AN ADDITIONAL 1-YEAR EXTENSION
IS APPROPRIATE.

(3) THE TERM OF A LOAN MADE UNDER PARAGRAPH (2) OF THIS
SUBSECTION MAY NOT EXCEED 3 YEARS.

(E) THE APPLICANT MUST PROVIDE AT LEAST 10% OF THE TOTAL PROJECT
COSTS OR CAPITAL NEEDED.

(F) FUNDS MADE AVAILABLE .WITH FINANCIAL ASSISTANCE MAY BE USED
ONLY TO FINANCE COSTS INCURRED FOR:

(1) . ACQUISITION OR CONSTRUCTION OF A BUILDING OR REAL ESTATE;

(2) ACQUISITION, CONSTRUCTION, OR INSTALLATION OF MACHINERY,
EQUIPMENT, FURNISHINGS, FEATURES, LEASEHOLD IMPROVEMENTS, OR SITE
IMPROVEMENTS; OR

(3) WORKING CAPITAL.