Step 4 of 12 ( 33.33% )
Complete the chart below providing the total use of loan proceeds. (If available, attach a detailed listing listing items listed below)
Working capital - current payroll expenses*
Working capital - current rent/mortgage expenses*
Working capital - all other current expenses*
Working capital - delinquent payroll expenses*
Working capital - delinquent rent/mortgage expenses*
Working capital - All other delinquent expenses (list)*
Acquisition of equipment or vehicle*
Facility improvements (due to COVID-19)*
TOTAL*
[calculator total-use-of-loan-proceeds Prefix:$ "current-payroll-expenses + current-rent-mortgage-expenses + other-current-expenses + delinquent-payroll-expenses + delinquent-rent-mortgage-expenses + other-delinquent-expenses + acquisition-of-equipment-vehicle + facility-improvements-COVID-19 + other-expenses"]
Step 7 of 12 ( 58.33% )
yes
The applicant’s principal place of business is in Maryland
yes
Has been economically affected by the COVID-19 crisis.
yes
The applicant was established on or prior to January 1, 2019
yes
The person(s) holding a majority (at least 51%) of the ownership interest in the applicant must have a minimum credit score of 550
yes
The applicant has not received a COVID-19 relief loan from the State of Maryland
yes
The applicant is in good standing in its state of incorporation and is qualified to do business in Maryland if it is a foreign corporation
yes
The applicant either does not have or is not currently in default or delinquent on any loan or payment obligation it has with the Maryland Department of Commerce or any other state of Maryland agency (If unchecked, please explain and provide current status-include attachment, if necessary)
Step 8 of 12 ( 66.67% )
Has the applicant or any partner, member, principal stockholder of the applicant:
(If yes to any of the above, please explain - include attachment, if necessary):
PLEASE NOTE: Failure to fully disclose an explanation to any of the above in Section 8a may result in the declination of the financing request.
Please submit the following information with your application and check the box that best corresponds to each item below
Yes No
COVID-19 Impact Summary (see Section 6 of this application) and one or more of the following:
Interim financial statements (income statement and balance sheet) for the most recent fiscal period but, in any case, for the fiscal period ending no earlier than May 31, 2020
Delinquency notices or emails that reflect the applicant’s inability to pay employees, pay rent or mortgage, pay suppliers or make loan payments, etc. in 2020
Evidence of increased costs related to COVID-19 prevention measures such as invoices, cancelled checks, purchase orders, contracts, etc.
Evidence of disrupted supply chain or network leading to shortage of critical inventory or materials
Other evidence of business disruption due to COVID-19
Step 9 of 12 ( 75% )
Periodically the Office of Labor Market Analysis and Information of the Maryland Department of Labor, Licensing and Regulation ("DLLR"), in cooperation with the U. S. Department of Labor, Bureau of Labor Statistics ("BLS"), collects employment and wage data from you and other employers who conduct business in the State of Maryland. This information, collected on the Multiple Worksite Report (BLS 3020) and the Annual Refiling Survey (BLS 3023), is kept confidential and may only be used by the Department of Commerce ("COMMERCE") with your written consent. COMMERCE is requesting disclosure of this information in order to pre-qualify your company for economic development programs and to evaluate the effectiveness of COMMERCE economic development programs and their impact on your company's employment level.
I give consent to DLLR to release to COMMERCE the BLS 3020 and the BLS 3023 information that our company has provided or will provide in the future, solely for the purposes of pre-qualifying our company for economic development programs and evaluating the effectiveness of the economic development programs and their impact on our company's employment level.
If our company receives financing from COMMERCE and is required to provide periodic employee reports, and the company has more than one location the State, the Company will provide COMMERCE with the BLS 3020 or its equivalent in addition to any other employee reports, to determine the company’s employment level at a specific location over the reporting period.
List all other reporting entity Unemployment Insurance ID Numbers
Step 10 of 12 ( 83.33% )
(2) Except as validly contested, the business has paid, or has arranged for payment of, all taxes due all government entities including the State of Maryland and has filed all required returns and reports with the Comptroller of the Treasury, the State Department of Assessments and Taxation, the Department of Labor, Licensing and Regulation (DLLR), and all other taxing authorities, as applicable, and will have paid all withholding taxes due to the State of Maryland and all other government entities prior to final settlement.
AFFIRMATION REGARDING BRIBERY CONVICTIONS: I FURTHER AFFIRM THAT neither I, nor to the best of my knowledge, information, and belief, the above business, (as is defined in §16-101(b) of the State Finance and Procurement Article of the Annotated Code of Maryland), nor any of its officers, directors, or partners, nor any of its employees directly involved in obtaining or performing contracts with the public bodies (as is defined in §16-101(f) of the State Finance and Procurement Article of the Annotated Code of Maryland), has been convicted of, or has had probation before judgment imposed pursuant to Article 27, §641 of the Annotated Code of Maryland, or has pleaded nolo contendere to a charge of, bribery, attempted bribery, or conspiracy to bribe in violation of Maryland law, or of the law of any other state or federal law, except as follows : [indicate the reasons why the affirmation cannot be given and list any conviction, plea, or imposition of probation before judgment with the date, court, official or administrative body, the sentence or disposition, the name(s) of the person(s) involved, and their current positions and responsibilities with the business]:
AFFIRMATION REGARDING OTHER CONVICTIONS: I FURTHER AFFIRM THAT neither I, nor to the best of my knowledge, information, and belief, the above business, nor any of its officers, directors, or partners, nor any of its employees directly involved in obtaining or performing contracts with public bodies, has:
been convicted under state or federal law of a criminal offense incident to obtaining, attempting to obtain, or performing a public or private contract, fraud, embezzlement, theft, forgery, falsification or destruction of records, or receiving stolen property;
been convicted of any criminal violation of a state or federal antitrust statute;
been convicted under the provisions of Title 18 of the United States Code for violation of the Racketeer Influenced and Corrupt Organization Act, 18 U.S.C. §§1341, et seq., or Mail Fraud Act, 18 U.S.C. §§1341, et seq., for acts arising out of the submission of bids or proposals for a public or private contract;
been convicted of a violation of the State Minority Business Enterprise Law, Section 14-308 of the State Finance and Procurement Article of the Annotated Code of Maryland;
been convicted of conspiracy to commit any act or omission that would constitute grounds for conviction or liability under any law or statute described in subsection (a), (b), (c), or (d) above;
been found civilly liable under a state or federal antitrust statute for acts or omissions in connection with the submission of bids or proposals for a public or private contract; or
admitted in writing or under oath, during the course of an official investigation or other proceeding, acts or omissions that would constitute grounds for conviction or liability under any law or statute described above,
except as follows: [indicate reasons why the affirmations cannot be given, and list any conviction, plea, or imposition of probation before judgment with the date, court, official or administrative body, the sentence or disposition, the name(s) of the person(s) involved and their current positions and responsibilities with the business, and the status of any debarment]:
AFFIRMATION REGARDING DEBARMENT: I FURTHER AFFIRM THAT neither I, nor to the best of my knowledge, information, and belief, the above business, nor any of its officers, directors, or partners, nor any of its employees directly involved in obtaining or performing contracts with public bodies, has ever been suspended or debarred (including being issued a limited denial of participation) by any public entity, except as follows: [list each debarment or suspension, providing the date of the suspension or debarment, the name of the public entity, the status of the proceedings, the name(s) of the person(s) involved and their current positions and responsibilities with the business, the grounds for the debarment or suspension, and the details of each person’s involvement in any activity that formed the grounds for the debarment or suspension]:
AFFIRMATION REGARDING DEBARMENT OF RELATED ENTITIES: I FURTHER AFFIRM THAT:
The business was not established to, nor does it operate in a manner designed to, evade the application of or defeat the purpose of debarment pursuant to §§16-101, et seq., of the State Finance and Procurement Article of the Annotated Code of Maryland; and
The business is not a successor, assignee, subsidiary, or affiliate of a suspended or debarred business, except as follows: [indicate the reasons(s) why the affirmations cannot be given without qualification]:
SUB-CONTRACT AFFIRMATION: I FURTHER AFFIRM THAT neither I, nor to the best of my knowledge, information, and belief, the above business, has knowingly entered into a contract with a public body under which a person debarred or suspended under Title 16 of the State Finance and Procurement Article of the Annotated Code of Maryland will provide, directly or indirectly, supplies, services, architectural services, construction related services, leases of real property, or construction.
ACKNOWLEDGMENT: I ACKNOWLEDGE THAT this Affidavit is to be furnished to COMMERCE and may be distributed to units and agents of (1) the State of Maryland, (2) counties or other subdivisions of the State of Maryland, (3) other states and their subdivisions, and (4) the federal government. I further acknowledge that this Affidavit is subject to applicable criminal and civil laws of the United States and the State of Maryland and that nothing in this Affidavit or any agreement resulting from the submission of this application shall be construed to supersede, amend, modify, or waive, on behalf of the State of Maryland or any of its units or agents, the exercise of any statutory right or remedy conferred by the Constitution and the laws of Maryland with respect to any misrepresentation made or any violation of the obligations, terms, and covenants undertaken by the above business with respect to (1) this Affidavit, (2) the proposed contract, and (3) other Affidavits comprising part of the proposed contract.
I DO SOLEMNLY AFFIRM UNDER THE PENALTIES OF PERJURY THAT THE CONTENTS OF THIS AFFIDAVIT ARE TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE, INFORMATION, AND BELIEF.
Step 12 of 12 ( 100% )
This form is for gathering statistical data only. This form will be separated from the application and the information provided in it will not be a part of the application approval process. Furnishing this information is voluntary; failure to do so will have no effect on the approval of the requested financial assistance.
If the applicant will be providing the requested financial assistance to another recipient (e.g. a facility user or borrower), “Respondent” should be the recipient of the financial assistance.
If Respondent is a business organization:
If Respondent is a business owned and controlled primarily by individuals who are identified in any of the following categories, please check all the categories that apply:
If yes, please provide your:
If the Respondent is an individual:
Which of the following categories describes the Respondent (multiracial respondents may select
all applicable racial categories):
American Indian or Alaska Native
Yes
Black or African American
Yes
Native Hawaiian or other Pacific
Yes
When you are ready please click submit button ONCE. There is much data and may take a moment to process. Thank you.