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LoanMississippiActiveVerified

Mississippi Small Business Enterprise Loan Program

Mississippi Development Authority (MDA)MS-SBE-LOANRefreshed 1 month ago
Do I qualify?
Max funding

$250K

per applicant

Type

Loan

Below-market financing

Deadline

Rolling

No fixed cutoff

Timing

Rolling

Apply when you're ready

Complexity

Moderate

Underwriting required

About This Program

Loans for Mississippi small businesses to start or expand operations, with special consideration for businesses in rural areas, minority-owned enterprises, and businesses creating jobs in economically distressed counties.

Key Requirements & Eligibility

  • 1Business must have 50 or fewer employees and be located in Mississippi
  • 2Must be unable to obtain conventional bank financing at reasonable rates
  • 3Loan amounts: $5,000–$250,000 at 3–5% fixed interest
  • 4Priority for rural counties, minority-owned businesses, and distressed areas
  • 5Must create or retain Mississippi jobs; 1 job per $25,000 borrowed

Do I qualify?

Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.

0 of 5 answered

1.Business must have 50 or fewer employees and be located in Mississippi

2.Must be unable to obtain conventional bank financing at reasonable rates

3.Loan amounts: $5,000–$250,000 at 3–5% fixed interest

4.Priority for rural counties, minority-owned businesses, and distressed areas

5.Must create or retain Mississippi jobs; 1 job per $25,000 borrowed

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