§ 5-205

(a) An applicant for a loan under this subtitle shall submit to the Department an application on the form that the Department requires.

(b) 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.