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Emergency Loan Program
Emergency loans are now available for the high winds, heavy rains and flooding which began on December 4, 2007 through December 14, 2007.
Emergency loan parameters:
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Maximum loan amount: $250,000
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Interest rate: 3%
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Loan requests of $75,000 or less do not require credit denials from other financial institutions, which would normally be required for agricultural loans.
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Residency requirements have also been waived.
Farmers may submit applications for emergency loans until October 31, 2008. For those needing loans of $25,000 or less may apply for micro-loans which involve less paperwork and swifter processing.
For information on emergency loans, call the Agricultural Loan Division:
Oahu-973-9460
Hilo- 933-9976
Kona-323-7591
To view the news release,
click here.