Mississippi Small Business Enterprise Loan Program

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