Maryland Department of Business and Economic Development Section 6-508

      (a)      To apply for a loan, an applicant shall submit to the Department an application on the form that the Department requires.

      (b)      The application shall include:

            (1)      A detailed strategic business plan for achieving a goal of technology commercialization or manufacturing modernization for long term growth;

            (2)      The total amount of funds required for the activities described in the strategic business plan;

            (3)      The funds available to the applicant without financial assistance from the Department;

            (4)      The amount of financial assistance sought from the Department;

            (5)      Information concerning where in the State the activities to be financed with the loan will take place and what economic impact the activities are expected to have on that area;

            (6)      Evidence of the inability of the applicant to obtain the financing necessary for the activities described in the strategic business plan on affordable terms through normal lending channels;

            (7)      Information that relates to the financial status of the applicant, including, if applicable:

                  (i)      A current balance sheet;

                  (ii)      A profit and loss statement; and

                  (iii)      Credit references; and

            (8)      Any other relevant information that the Department requests.