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Eligible Projects and Activities

Projects that may be undertaken with revolving loan monies:

  • Business construction, conversion, expansion, repair, modernization and development costs;
  • Purchase and development of land, easements, rights-of-way, buildings, facilities, leases or materials;
  • Purchase of equipment, leasehold improvements, machinery or supplies;
  • Pollution control and abatement;
  • Start-up operating costs and working capital;
  • Reasonable fees related to the project;
  • Aquaculture.

All projects must be located within the borders of EAPDD.

General Criteria for Financing

  EDA RDA
Service Area All 12 counties Communities under 25,000 population
Lines of Credit Not Eligible Not Eligible
Refinancing Not Eligible Not Eligible
Interest Rate Flexible* Flexible*
Loan Limits $200,000 $187,000
* Approximately 5% above the Federal Reserve's primary credit rate.
Community Planning

Community
Planning

Mapping, zoning,
land use planning, annexation studies, GIS...
Community Development

Community
Development

Project planning,
development and management...
Business Development

Business
Development

Business development loans, loan application assistance...
Waste Management

Waste
Management

Recycling,
waste tire mangement, hauler licensing...