Ineligible Loan Purposes and Uses

Ineligible Loan Purposes and Uses. Under the program, loans made for the following uses or purposes are not eligible to apply: A. Refinancing existing debt B. Financing the acquisition, construction, improvement, or operation of real property, which is to be held primarily for sale or investment, such as commercial real estate ownership C. Financing any business engaged in lending, directly or indirectly D. Repaying delinquent federal or state income taxes E. Reimbursing funds owed to any owner, including any equity injection F. Financing working capital and/or rolling stock G. Financing a non-business purpose