21 Jan Mississippi Small Business Assistance Loan Program
Program Name: Mississippi Small Business Assistance Loan Program
Resource Type: State
State: Mississippi, Gulf of Mexico
Agency: Program Source: Loan
Description: Southern Mississippi Planning and Development District was approved in August, 1993 and October, 1995, for a new loan program, the Mississippi Small Business Loan Program sponsored by MDA. This program has made $2,600,000 available to small businesses in the 15 county region. The Small Business Assistance Loan Program will participate up to 50% of the total financing needed. The equity injection requirement is 10% of the total project cost and will subordinate to a senior lender.