An applicant shall meet the following requirements to qualify for financial assistance:

1. A. Be in good standing and qualified to do business in Maryland if a corporation, partnership, or other similar entity;
2. B. Have the legal capacity and all necessary legal authorization to incur the obligations of the loan;
3. C. Demonstrate creditworthiness and repayment capability acceptable to the Authority.

Authority: Economic Development Article,§2-108, Title 5, Subtitle 4, and Title 12, Subtitle 1, Annotated Code of Maryland

Effective date: April 16, 1990 (17:7 Md. R. 853)

Regulation .16 adopted effective April 15, 1991 (18:7 Md. R. 775)