Thank you for your interest in Maryland Capital Enterprises, Inc (MCE). To expedite review of your loan request by the Loan Committee, we ask that you have:
*The interest will be determined by the loan committee using a standard loan matrix based on the thoroughness of the business plan, credit history, collateral, etc.
**$100 Application Fee and $25 Credit Report Fee. If more than one applicant, the credit report fee will be applicable for each applicant.
There will be other legal or government fees associated with settling each loan. A detailed description of the types of fees and amounts will be provided for you with an approval letter.
*Broken down by month via a spreadsheet
**Please explain large debts (other than mortgage or loans), delinquencies, collections, bankruptcies, late payments, judgments, etc.
In order for your application to be considered, ALL blanks MUST be completed. If not applicable, enter N/A or 0 for numeric values.
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided that the applicant has the capacity to enter into a binding contract), because all or part of the applicant's income derives from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580.
Certain information in the possession of the Loan Committee (LC) must be made available for public inspection after an application for financial assistance is received. This information includes but is not limited to: the names of applicants, financial information including principals, the amounts, types and general terms of financial assistance, description of projects and businesses benefiting from financial assistance, the number of jobs and the amount of tax revenues projected in connection with a project, and the names of financial institutions participating in the project.
Certain records of the LC are designated confidential and will not be available to the public for inspection. This includes the disclosure of records which would constitute an invasion of privacy, such as personal tax returns or financial records obtained by the LC in connection with any monitoring or servicing of an existing project, and any records or information the release of which the LC has determined could cause a business or competitive detriment to the person whom the information belongs or pertains.
If an applicant desires that additional information be kept confidential, the applicant should clearly identify what information or documents he or she wishes to be kept confidential. The applicant must also explain in writing the basis for her or his request that the material be kept confidential. Where the applicant asserts that the basis for the confidentiality is that release of the information could cause a business or competitive disadvantage or loss of a competitive advantage, the applicant must provide the LC with sufficient information to enable the LC to determine independently the likelihood of such detriment. Applicants may wish to consult an attorney regarding any matters related to this application and possible loan agreements. The information contained in this application and attachments are submitted for the purposes of consideration for the MCE Microloan Program.