Low interest loans definition

Low interest loans means loans that meet or exceed the rate of interest required to pay the costs incurred by the authority for making and servicing such loans, but do not exceed the rate of interest specified in sub. (2) (a) 6. No low interest or other loan may be made to a person or family whose income exceeds 120% of the median income for a family of 4, except that in a designated reinvestment neighborhood or area as defined in s. 66.1107 no low interest loan at the highest rate of interest authorized by this para- graph may be made to a person or family whose income exceeds 140% of the median income for a family of 4, and except that the authority may increase or decrease the income limit for low inter- est loans by no more than 10% of the limit for each person more or less than 4.
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Low interest loans means funds that are loaned by the New York
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Examples of Low interest loans in a sentence

  • Low interest loans for losses to personal property SBA Physical Disaster Loan Program 13 CFR Ch. 1 Part 123 $40,000 Same as above.

  • Low interest loans to businesses and to help cover working capital SBA EIDL 13 CFR Ch. 1 Part 123 $1.5 Million SBA also has the authority to independently implement the program with certification by the OES Director that at least five small business concerns in a disaster area have suffered economic injury and are in need of financial assistance not otherwise reasonably available.

  • Low interest loans to businesses and PNPs, for losses to real property SBA Physical Disaster Loan Program 13 CFR Ch. 1 Part 123 $1.5 Million The SBA Physical loan program may be implemented upon a Presidential declaration of an emergency or major disaster.

  • Low interest loans to farmers, ranchers and aquaculturists for physical and/or crop production losses resulting from an unusual natural occurrence (weather pattern, pest, etc.) Secretarial Designation- Agricultural disaster U.S. Department of Agriculture, Farm Services Agency 7 CFR, Ch. 18, part 1945, Subpart A $500,000 Emergency loans are made to farmers and ranchers who have suffered at least a 30-percent loss in crop production or a physical loss to livestock products, real estate or chattel property.

  • Low interest loans for losses to real property (primary residences) which may include mitigation measures SBA Physical Disaster Loan Program 13 CFR Ch. 1 Part 123 $200,000 The SBA Physical loan program may be implemented upon a Presidential declaration of an emergency or major disaster.

  • Tax exempt lease purchase Low interest loans Bonds Contingent Payment Agreement * 54 Describe any leasing or financing options available for use by educational or governmental entities.

Related to Low interest loans

  • Very Low Income means 30 percent or less of the median gross

  • Low-income means the adjusted income for a Family which does not exceed 80 percent of the area median income.

  • Very low-income unit means a restricted unit that is affordable to a very low-income household.

  • Low-income unit means a restricted unit that is affordable to a low-income household.

  • Low-income housing means housing affordable according to