08-15-2014, 01:08 PM
quote:
Originally posted by lavalava
Those had better be zero interest loans but I have a feeling that they are not.
You're right, they're not.
From http://hdoa.hawaii.gov/agl/
"The State of Hawaii, Department of Agriculture’s Agricultural Loan Division administers the Agricultural Loan Program and the Aquaculture Loan Program. The intent of the programs is to help promote agricultural and aquacultural development of the State by providing credit at reasonable rates and terms to qualifying individuals or entities. Through the establishment of a revolving loan fund, credit is made available by supplementing private lender sector loan funds or by providing direct funding. Considered a “lender of last resort”, the program is not intended to compete with private sector lenders...."