Current with changes from the 2024 Legislative Session
Section 5-205 - Loan - Application(a) An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.(b) The application shall include:(1) a detailed strategic business plan;(2) the amount of money required for the activities described in the strategic business plan;(3) the money available to the applicant without financial assistance from the Department;(4) the amount of financial assistance requested from the Department;(5) information relating 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(6) any other relevant information that the Department requests.