Ineligible Purposes

  • Refinancing existing debt or payments to business owners or partners
  • Activities for investment purposes not directly related to job creation
  • General improvement loans for normal replacement needs of business and unrelated to job creation
  • Agriculture production costs (i.e. cultivation, production, harvesting)
  • Vehicles for general purposes or personal use
  • Projects without supplemental financing
  • Working capital with limited security
  • Residential construction projects
  • Illegal activities and/or legalized activities (e.g. gambling casinos) that, in the opinion of GCEC directors, adversely affect RLF interests
  • Projects in which any director, officer, general manager, supervisor or employee of GCEC, and/or close relative, owner, stockholder, partner, or director which would create a conflict of interest
  • Projects in which recipient of loan would, as a condition of loan approval, be required to purchase or lease any real property, materials, equipment, or services from GCEC, its subsidiaries, and/or affiliates
  • Projects or activities that pay salaries of any employee of GCEC, its subsidiaries, and/or affiliates