FINANCING PROGRAMS
USDA RURAL DEVELOPMENT 
BUSINESS AND INDUSTRY LOAN GUARANTEE
Loan guarantee up to $25 million to lenders for loans pertaining to business real estate, buildings, equipment, supplies, working capital, and debt refinancing. Lenders and borrower negotiate terms. Up to 30 years for real estate, 15 years for machinery and equipment, and 7 years for working capital. 
  • Loan guarantee for up to 80% of the loan should get your company a better interest rate from the lender. 
               Guarantee is up to 80% for lions of $5 million or less
               Guarantee is up to 70% for loans between $5 and $10 million 
               Guarantee is up to 60% for loans between $10 million and $25 million 
  • Rural Business Development Loan and Grant program which is run through the local utility organisiotn 
​          The utility borrows the money for 10 years at 0% interest to create a revolving loan fund which they can lend to your project. 
​          Money can be used for: Business expansion needs, fixed assets, real estate, buildings, equipment, or working capital 
​          Up to $1.3 million may be requested ($300,000 grant and $1 million loan) 

SBA
  • Microloans
          Up to $50,000 used for: working capital, inventory or supplies, furniture or fixtures, and/or machinery or equipment
               Maximum term is six years
               Typical rates are between 8%-13% 
               Other loans available through local banks for assistance in acquiring, operating or expanding a business. 
  • Delta Regional Authority
​          Loans/grants made to the local community to provide public infrastructure to support your project. 

MISSISSIPPI DEVELOPMENT AUTHORITY
Loans/grants made to the local community to provide public infrastructure to support your project. 

DEVELOPMENT DISTRICTS (Call us to learn which district you are in) 
  • EDA Revolving Loan Fund
​               Direct loans to provide fixed assets or working capital
  • Minority Business Enterprise Loan Program
              Loans to minority or women owned businesses 
  • ​Mississippi Development Authority Small Business Assistance Program: 
​          Loans to small business with: 
               Fewer than 100 employees
​               Less than $2 million net worth 
​               Less than $250,000 net annual profit after tax during two fo the last three years ​
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