There is no minimum amount for the loans, but the maximum amount is $30,000. The loan interest rates vary between 4.75% and 9.75%, depending on several factors that would determine how easy it would be for the person seeking a loan to pay it all back. Repayment terms can be as long as possible, up to a maximum of seven years.
The applicant will have to submit a (rather lengthy) form which can be downloaded here. The form is available in .pdf, .doc, and .rtf formats.
The factors that determine whether an applicant’s loan would be approved are their credit score, how long they have lived at their current address (at least one year), income, debt/income ratio (maximum 50%).
Source: petoskeynews (thank you @mpaciello on Twitter!)