SB 647 - This act allows certain individuals to receive low interest loans through the linked deposit loan program. Loans are available for individuals starting new business that will remain 51% locally owned in counties that meet the following requirements:
• The county has a median population of 12,500 or less; and
• The median income of residents in the county are equal to or less than the state median income; or
• The unemployment rate in the county is equal to or greater than the state's unemployment rate.