§ 5-1801

Maryland § 5-1801

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 5

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) “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).

(d) “Program” means the Capital Access Program established under § 5–1802 of this subtitle.