Show F Fa Farm iii I Loans o ns Are Now ow Av Available Under Economic Opportunity It was recently announced that loans under the Economic Opportunity Opportunity Act of 1964 are now available available avail avail- able t through oUgh the local office of Farmers Home Administration Personnel from all aU county offices of this agency attended a special meeting in Salt Lake City to receive receive re reo this assignment Some of the more common questions ques clues and arid answers regarding the these e loans ore as f follows Who may borrow Farm famIlies families famines fam fam- ines may obtain loans to finance agricultural enterprises Farm I families and families B BI living in the country or small I towns of not more than 2500 population population pop pop- may obtain loans to finance fin fin- ance small bu business business trades or services How may loan funds funda be used Wed Opportunity loans are made primarily primarily primarily marily for purposes that will wilt Increase increase In in- crease a borrowers borrower's Income What are the dollar dollar- Units knits The total amount loaned to any anyone anyone anyone one family may not exceed 2500 What are the terms and Interest interest In in- ter terest st rat rates e s1 Maximum t term e r m mIs is 15 15 ye years Interest rate is 4 18 8 perc percent nt This program Is an Important part of the nationwide effort which is going forward und under r the general direction of the U. U Office of Economic Opportunity to open Up tip new opportunities S for tor low Income families To Qualify for a lo loan n an applicant must 1 Have limited resources and be receiving an income from all sour sources es that Is Js too low Jow to cover basic baste family needs 2 Be unable to obtain the necessary nee credit from other essary sources including regular loan programs of f the Farmers F Home Adm at reasonable rates and terms 3 3 If the credit credit r Is 11 for a nn enterprise furnish evidence that the service or product is 18 not nat being adequately ly supplied b by others others' Inthe in inthe inthe the community It is believed th that t there are several families in the area that t twill will qualify for this type assist assist- ance If U anyone connected with any church welfare city or county government or any other such group knows of anyone Jn fn t this hIs set of circumstances it lt would be well for tor them to contact con contact con con- tact Mr Kent Dewsnup CO County nty Supervisor and a plan to help these peo people le could be decided upon |