§ 5-455. Application

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   (a) In general. -- To obtain fixed asset financing under this part, an eligible business shall apply to a lender for fixed asset financing.

(b) Limitation. -- Fixed asset financing under this part may not exceed $ 500,000 for an eligible business.

(c) Requirements. -- In addition to the information that the lender requires in its standard loan application, the applicant shall provide to the lender, in a form that the Authority prescribes:

   (1) a certification, with supporting documentation, that the applicant is an eligible business; and

   (2) a description of the number and kinds of jobs to be created or retained as a result of providing the linked deposit.

HISTORY: An. Code 1957, art. 83A, § 5-927(d); 2008, ch. 306, § 2.

                    
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