1. (a) The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section.

2. (b) The business plan of an enterprise shall include:

   1. (1) a description of the small business or existing business and its management, product, and market;
   2. (2) a statement of the amount, immediacy of need, and projected use of the capital required;
   3. (3) a statement of the potential economic impact of the purchase;
   4. (4) information that relates to the satisfaction of the applicant's requirements of § 5-557(d) and (e) of this subtitle; and
   5. (5) any other information the Authority requires.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2014, c. 70, § 1, eff. July 1, 2014; Acts 2014, c. 71, § 1, eff. July 1, 2014.