(a) The Authority may provide equity participation financing under the Program only after the enterprise submits an application that contains a business plan that meets the requirements of subsection (b) of this section.
(b) The business plan of an enterprise shall include:
(1) a description of the franchise, technology-based business, other business, or existing business and its management, product, and market;
(2) a statement of the amount, immediacy of need, and projected use of the capital required;
(3) a statement of the potential economic impact of the purchase;
(4) information that relates to the satisfaction of the applicant’s requirements of § 5-557(d) and (e) of this subtitle; and