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Use of Loan Proceeds - for Business (B) and/or Developer (D) as borrower
- Purchase or improve land and buildings including mixed-use properties.
A mixed-use property is a property that contains both commercial and
residential components. (B/D)
- Fund leasehold improvements (B)
- Purchase or improve machinery and equipment (B)
- Purchase inventory (B)
- Fund permanent and revolving working capital (B)
- Finance soft costs not to exceed 5% of eligible project costs (B/D)
- Refinance existing debt that does not exceed 75% of the WHEDA® guaranteed loan
(B/D)
- WHEDA® closing fee (this portion will not be guaranteed) (B/D)
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