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Business
Development
Eligible Projects
and Activities
Community Planning
City Maps
Waste Management
Recycling Education
EARSWMD Recycling
Centers
Battery
& Oil Recycling Centers
Illegal Dumping
East Arkansas Waste Tire District
Waste Hauler Licensing
Recycling Information Links
Community Development
Web Services
Related Organizations
County Information
About Us
Contact Us
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Eligible Projects and Activities
Projects that can be undertaken with
revolving loan monies:
- Business acquisitions, construction, conversion, enlargement, 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
- Transportation services
- Start-up operating costs and working capital
- Interest on interim financing
- Feasibility studies
- Reasonable fees related to the project
- Aquaculture
All projects must be located within the borders of EAPDD.
General Criteria for Structuring Financing
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EDA
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RDA
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| Service Area |
All 12 counties
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Communities under 25,000 population
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| Lines of credit |
Not eligible
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Not eligible
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| Job creation |
1 job per $10,000 in loan
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1 job per $10,000 in loan
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| Interest rate |
flexible*
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flexible*
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| Term (real estate, buildings) |
10 years
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7 years
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| Term (equipment) |
5 years
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7 years
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| Term (working capital) |
2 years
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7 years
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| Loan limits |
33% of project or $200,000,
whichever is less
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50% of project or $150,000,
whichever is less
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| * Approximately 1% below current bank
lending rates |
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