Application for Program Loans. — Guam Code § 50307
Guam Code § 50307 — Application for Program Loans.. Reproduced from the official Guam Code Annotated, with a citation summary, verification link, and related provisions.
§ 50307. Application for Program Loans.
Applicants who are owners of mid-size businesses shall be eligible for a loan of up to One Hundred
Thousand Dollars ($100,000) from the Guam Economic Development Authority. The loan shall have the
following limitations:
(a) the loan shall be used to subsidize general operating expenses, including, but not limited to,
the payment of rent, employee salaries and benefits, supplies, utilities and other necessary expenses
for implementation of business recovery plan, such as relocation expenses and diversification of
products and services;
(b) the loan shall be payable in a period not to exceed ten (10) years;
(c) the interest rate on the loan shall be based on the U.S. Treasury Index Rate plus up to four
percent (4%);
(d) interest only payments shall be allowed for the duration of the construction period and six (6)
months after the completion of the project; and
(e) the loan is non-renewable.
Source: official Guam text · Last verified 2026-08-27
At a glance
- Citation: Guam Code Annotated § 50307
- Jurisdiction: Guam
- Code: Guam Code Annotated
- Subject: Application for Program Loans.
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Guam Code Annotated. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Guam attorney.
Common questions
What is the source of Guam Code Annotated § 50307?
The text above is transcribed from the Guam Code Annotated, the codified statutes of Guam. The official publisher link appears under "Verify the text" on this page.
What subject does Guam Code Annotated § 50307 address?
It addresses "Application for Program Loans.". Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Guam Code Annotated § 50307 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Guam source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Guam law to your facts requires a licensed Guam attorney who can review the specifics.