94- 457 C.M.R. ch. 320, § 3

Current through 2024-36, September 4, 2024

Section 457-320-3 - Eligibility

To be eligible for financial assistance under the program, a borrower must demonstrate each of the following:

A. It has been certified by the bureau as predetermined to be eligible for BETR reimbursement in 2003;

B. It will suffer a substantial hardship, as determined by the Authority, as a direct result of the change in timing of the application for and receipt of reimbursement under BETR as enacted by PL 2001, ch. 714;

C. The business is creditworthy and reasonably likely to repay its obligations, including the proposed loan; and

D. The Authority will be able to obtain a first priority lien on the BETR reimbursement.

94- 457 C.M.R. ch. 320, § 3