(a) A project qualifies as a business project if the project is: (1) located in: (i) an area designated as a priority funding area under § 5–7B–02 of the State Finance and Procurement Article; or (ii) a qualified opportunity zone designated under § 1400Z–1 of the Internal Revenue Code in Allegany County, Baltimore City, Baltimore County, Charles County, Garrett County, Howard County, Montgomery County, Prince George’s County, Somerset County, or Wicomico County; and (2) (i) acquired, owned, developed, constructed, reconstructed, rehabilitated, or improved by a person or an entity for the purposes of carrying on a business whether or not for profit; or (ii) eligible for funding from the Neighborhood Business Development Fund under § 6–310 of this article. (b) Repayment of principal and interest for a business project may be secured by: (1) real property; (2) personal property; (3) bank accounts; (4) certificates of deposit, stocks, and bonds; (5) credit enhancement, assurance, or guaranty; or (6) any other collateral acceptable to the Administration. (c) Financial assistance for a business project may be provided as: (1) a loan; (2) a reduction in the principal obligation of or

aranty; or (6) any other collateral acceptable to the Administration. (c) Financial assistance for a business project may be provided as: (1) a loan; (2) a reduction in the principal obligation of or interest rate on a loan or portion of a loan; (3) a prepayment of interest on a subordinate or superior loan or portion of a loan; (4) an assurance; or (5) a guarantee or other form of credit enhancement.