Haw. Code R. § 15-5-6 - Eligibility requirements
To be eligible for consideration for a loan, an applicant shall be required to meet the following criteria:
(1) The applicant is not able to obtain the
desired loan on reasonable terms from two financial institutions of which one
shall be the institution currently dealt with.
(2) The applicant furnishes information to
show that the applicant has the ability to repay the loan out of income from
the venture;
(3) The purpose of the
loan is in conformity with the provisions of section
15-5-5;
(4) The applicant furnishes information to
show that the invention or product does not or will not infringe on another
person's patent rights or copyrights; and
(5) The applicant has clear title to the
invention or product.
Notes
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