Agriculture Dept. seeks loan applications
The state Department of Agriculture is now accepting loan applications from agricultural and aqua cultural operations to fund renewable energy technology.
This new loan program, which falls under Act 209, supports renewable energy technologies such as photovoltaic, hydroelectric, wind, methane, biodiesel and ethanol. It also makes loans available for food-safety projects.
The loans, which are capped at $1.5 million, or 85 percent of the project, may be used for infrastructure, equipment, land improvement and operating costs. They will carry 3 to 5 percent interest rates.
Loan requests will be taken through DEC. 31. Applicants must be full-time farmers, ranchers, growers or aqua culturists. They must be U.S. citizens or permanent residents and they must have resided in Hawaii for the past three years.
For more information, contact an HDOA Agricultural Loan Office in your region or visit the Web site: http://hawaii.gov/hdoa/agl/agricultural-loan-division. On Oahu, phone 973-9460. Neighbor island phone numbers are: Hilo, 974-4140; Kona, 323-7591; Kauai, 274-3141, ext. 39460; Maui, 984-2400, ext. 39460; and Molokai, 1-800-468-4644, ext. 39460.
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