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MS
Minority Business Micro Loan Program
Provides microloans up to $35,000 to certified Mississippi minority- and women-owned businesses.
About this program
The Minority Business Micro Loan Program provides smaller direct loans to socially and economically disadvantaged minority- and women-owned businesses designated by the Mississippi Development Authority. Manufacturers, warehouses, distribution centers, and retail businesses may use the program for inventory, working capital, machinery, and equipment.
Eligibility
Eligible applicants are certified socially and economically disadvantaged minority- or women-owned Mississippi businesses seeking small loans for eligible business purposes.
Requirements
- Business must be designated by MDA's Minority and Small Business Development Division.
- Eligible business types include manufacturers, warehouses, distribution centers, and retail businesses.
- Loan proceeds may be used for inventory, working capital, machinery, and equipment.