Commercial Financing - Small Business Truth in Lending Act

This bill establishes new rules for commercial loans to small businesses in Maryland. It requires lenders to clearly disclose key terms like annual interest rates, fees, and repayment structures before a business accepts financing. The law applies to most business loans where funds aren't used for personal/family purposes (excluding banks, credit unions, and loans over $2.5 million). Small businesses receiving these loans will get standardized, transparent information about costs upfront.