The basic objective of the Program is to guarantee loans and, in some cases, to provide interest subsidies to economically or socially disadvantaged business persons for working capital, the acquisition and related installation of machinery or equipment, certain necessary improvements to real property leased or owned in fee simple by the applicant, or the acquisition of real property if used in the business, in order to assist economically or socially disadvantaged business persons.

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

Effective date: April 3, 1989 (16:6 Md. R. 730)

Regulation .02 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .03 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .03B amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .04 amended effective February 18, 2002 (29:3 Md. R. 223)

Regulation .04A amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .05 amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .06 amended effective August 3, 1992 (19:15 Md. R. 1394); February 18, 2002 (29:3 Md. R. 223)

Regulation .06K amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .07B amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .08A amended effective August 3, 1992 (19:15 Md. R. 1394)

Regulation .08B, E amended effective March 27, 1995 (22:6 Md. R. 476)

Regulation .09 amended effective April 15, 1991 (18:7 Md. R. 775)