State WP RLF loans may be used for the following:
- Working capital
- Purchase or lease of land or equipment
- Updating infrastructure
- Debt service
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 one non-WP RLF dollar for each dollar of State WP RLF funds requested (a 1:1 leveraged ratio).