SB1303 amends Hawaii's agricultural loan program to lower interest rates, increase loan limits, and reduce credit denials.

SB1303 modifies Hawaii's agricultural loan program by lowering and fixing interest rates, increasing loan limits, and reducing the number of credit denials required for eligibility. The bill establishes a secured line of credit program and introduces a new loan initiative to support larger-scale agriculture for import replacement and farm-to-state programs. It also appropriates funds to meet the anticipated increase in loan demand.

SB1303 amends Hawaii's agricultural loan program to lower interest rates, increase loan limits, and reduce credit denials.

SB1303 modifies Hawaii's agricultural loan program by lowering and fixing interest rates, increasing loan limits, and reducing the number of credit denials required for eligibility. The bill establishes a secured line of credit program and introduces a new loan initiative to support larger-scale agriculture for import replacement and farm-to-state programs. It also appropriates funds to meet the anticipated increase in loan demand.