EDA WP RLF loans may be used for the following:
- Working capital
- Equipment loans
- Other activities that do not include contracted labor and construction
The maximum funding amount is $20,000 per created or retained job, and may not exceed $2 million. Loan recipients may not apply for another WP RLF loan until two years after the date their previous loan was approved.
Businesses must provide at least two non-WP RLF dollars for each dollar of EDA WP RLF funds requested (a 2:1 leveraged ratio).