§ 5-1801
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/md/economic-development/5-1801A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–1801.
(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.