Section 5-205 - Loan - Application.
§ 5-205. Loan - Application.
(a) Form.- An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.
(b) Required information.- 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.
[An. Code 1957, art. 83A, § 6-508; 2008, ch. 306, § 2; 2010, ch. 14.]