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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 5. MARYLAND SMALL BUSINESS DEVELOPMENT FINANCING AUTHORITY |
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PART V. EQUITY PARTICIPATION INVESTMENT PROGRAM |
§ 5-556. Application for financing
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(a) Business plan. -- The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section.
(b) Contents. -- The business plan of an enterprise shall include:
(1) a description of the franchise, technology-based business, other business, or existing business and its management, product, and market;
(2) a statement of the amount, immediacy of need, and projected use of the capital required;
(3) a statement of the potential economic impact of the purchase;
(4) information that relates to the satisfaction of the applicant's requirements of § 5-557(d) and (e) of this subtitle; and
(5) any other information the Authority requires.