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

2. (b) “Borrower” means a business that:

   1. (1) qualifies as a small business under the U.S. Small Business Administration size standards;
   2. (2) applies to a lender for business financing; and
   3. (3) has fewer than 50 employees.

3. (c) “Lender” means:

   1. (1) a credit union, as defined in § 1-101 of the Financial Institutions Article;
   2. (2) a financial institution, as defined in § 1-101 of the Financial Institutions Article; or
   3. (3) a community development financial institution as defined in 12 U.S.C. § 4702(5).
4. (d) “Program” means the Capital Access Program established under § 5-1802 of this subtitle.

Added by Acts 2021, c. 704, § 1, eff. Oct. 1, 2021.