About The EDA RLF Program
Use of Proceeds:
• Land and building acquisition
•Machinery and equipment
•Renovation of existing structure
Up to 50% of the eligible project cost not to exceed the maximum amount of funds is $500,000 per borrower.
Type of Business
Eligible businesses include for-profit businesses (individual proprietorships, partnerships, or corporations). The industrial development authorities of the SGRC's service area can borrow RLF funds if the funds are used to acquire fixed assets for an industry committed to locate in the region.Ineligible businesses include: non-profit businesses, passive income or developer/landlord deals, lending and investment institutions, media (newspapers, magazines, etc.), medical facilities, farming and agricultural projects.