Minority Business Enterprise Loan Program
Funding Amount
$15,000 - $250,000
Deadline
Rolling (quarterly review)
Grant Type
Foundation
Deadline history & next window
- Cycle
- Rolling — applications accepted year-round
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Geography
- Residency: Mississippi resident
Other requirements
- Real estate
- Machinery and equipment
- Inventory
- Working capital
Not eligible / not funded
- Not eligible: Cannot pay off existing debt
- Not eligible: Cannot provide owner distribution
- Not eligible: Investment property
Overview
Funder: Southern Mississippi Planning and Development District (SMPDD)
SMPDD provides funding to start-up or existing businesses that hold a Minority Business Enterprise certification. The program is designed to support credit-worthy minority-owned businesses.
Eligible Uses
- Real estate
- Machinery and equipment
- Inventory
- Working capital
Loan Terms
- Loan amounts: $15,000 to $250,000
- Interest rates: Cannot exceed 2% above Federal Discount Rate
- Terms: 5 to 15 years depending upon use of funds and collateral
- Origination fee: 1% (can be taken from loan proceeds)
Eligibility Requirements
- Certification: Certified as Minority Business Enterprise by Mississippi Development Authority's Minority and Small Business Division prior to funding
- Financial: Credit worthy with demonstrated ability to repay
- Residency: Mississippi resident
- Compliance: In compliance with all state and federal regulatory agencies
- Credit history: Must not be in default on any previous debt or obligation with state or federal government
- Equity: Must show 5% equity in project (cash or other tangible assets)
Collateral
- Collateral is required
- No unsecured financing
Exclusions
- Cannot pay off existing debt
- Cannot provide owner distribution
- Investment property
Contact Information
- Ronnie Emile, Loan Program Manager: remile@smpdd.com
- Marvin Dickey, Special Project Manager, EO Officer: mdickey@smpdd.com
- Phone: 1-228-868-2311 or 1-800-444-8014
How to Apply
Application Process
- Contact Loan Program Manager for application materials
- Obtain Minority Business Enterprise certification from Mississippi Development Authority
- Complete application form
- Submit required documentation demonstrating:
- Credit worthiness
- Ability to repay
- 5% equity in project
- Collateral information
- SMPDD reviews and processes application
- Underwriting and approval
Contact for Application
- Ronnie Emile, Loan Program Manager: remile@smpdd.com
- Phone: 1-228-868-2311 or 1-800-444-8014
What Southern Ms Planning & Development District Inc actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 1
- Total given
- $6.6M
- Median grant
- $6.6M
- By dollars: Mississippi 100%. Top recipient cities: Gulfport, MS.
Example grants
Subrecipients · Gulfport, MS
Services for the elderly, education, workforce training, and economic development
$6.6M
Focus Areas & Funding Uses
Fields of Work
- Minority businesses
- Small businesses
Categories
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