§ 36-1401

Maryland § 36-1401

• Jurisdiction: Maryland
• Article gab: Alcoholic Beverages and Cannabis
• Title: 36

Text

(a) In this subtitle the following words have the meanings indicated.

(b) “Borrower” means a business that:

(1) qualifies as a small business under the U.S. Small Business Administration size standards;

(2) applies to a lender for business financing; and

(3) has fewer than 50 employees.

(c) “Department” means the Department of Commerce.

(d) “Lender” means:

(1) a credit union, as defined in § 1–101 of the Financial Institutions Article;

(2) a financial institution, as defined in § 1–101 of the Financial Institutions Article; or

(3) a community development financial institution, as defined in 12 U.S.C. § 4702(5).

(e) “Program” means the Capital Access Program established under this subtitle.