EDA reviews outdated Revolving Loan Fund application, seeks policy reference and online form

Apr 27, 2026

The Waverly EDA reviewed its 2018 Revolving Loan Fund application and recommended adding a link to the Business Subsidy Policy, clarifying collateral expectations consistent with the EDA's gap-funding role, converting the form to a fillable online document, and seeking consultant review before finalizing.

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Members reviewed the Revolving Loan Fund application on file (a 2018 version) and identified several areas needing update, including a clearer reference to the Business Subsidy Policy and the exclusions applicants should know before completing the form.

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