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Inelligible Improvements,: <br /> Refinancing of existing debt <br /> Non-fixed improvements <br /> orldng capital <br /> Inventory <br /> Sweat equity <br /> Ineligible Business Activities (per SBA Standards) <br /> Nonprofit organizations and institutions <br /> Real estate investment and speculative activities <br /> Hone used businesses <br /> Pyramid sales plans <br /> Illegal and gambling activities <br /> Academic schools <br /> Attachments <br /> Participation Agreement <br /> Loan Application <br /> Scope of Work Form <br /> Q\Emnamic Development\Business Rebention Pr€grams\sl fML BUSINESS DEVOLVING LOAN>~UND.doc <br /> 3 <br />