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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. | ||

