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<br />Ineligible Improvements: <br /> <br />. Refinancing of existing debt <br />. Non-fixed improvements <br />. Working capital <br />. Inventory <br />. Sweat equity <br /> <br />Ineligible Business Activities (per SBA Standards) <br /> <br />. Nonprofit organizations and institutions <br />. Real estate investment and speculative activities <br />. Home based businesses <br />. Pyramid sales plans <br />. Illegal and gambling activities <br />. Academic schools <br /> <br />.- <br /> <br />Attachments: <br />Participation Agreement <br />Loan Application <br />Scope of Work Form <br /> <br />Q\Eronomic Development\Business Retention Progr<uns\SMA1L BUSINESS REVOLVING WAN FUND.doc <br /> <br />3 <br />