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

2. (b) The application shall include:

   1. (1) a detailed strategic business plan;
   2. (2) the amount of money required for the activities described in the strategic business plan;
   3. (3) the money available to the applicant without financial assistance from the Department;
   4. (4) the amount of financial assistance requested from the Department;

   5. (5) information relating to the financial status of the applicant, including, if applicable:

      1. (i) a current balance sheet;
      2. (ii) a profit and loss statement; and
      3. (iii) credit references; and
   6. (6) any other relevant information that the Department requests.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2010, c. 14, § 1, eff. July 1, 2010.