US experiences surge in demand for low-interest loans as businesses struggle with rising rates
Fox News
States across the U.S. are experiencing increased demand for programs that provide low-interest loans to small businesses, farmers and affordable housing developers.
"The demand is huge, and it is real," Malek said.
Missouri's situation, though extreme, is not entirely unique. From New York to Illinois to Montana, states have seen surging public interest in little-known programs that use state funds to spur private investment with bargain-priced loans. The programs have taken off after a series of key interest rate hikes by the Federal Reserve made virtually all loans more expensive, whether for farmers purchasing seed or businesses wanting to expand.
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