Minority Business Enterprise Micro-Loan Program
Funding Amount
$2,000 - $35,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Minority Business Enterprise Micro-Loan Program
Funder: Southern Mississippi Planning and Development District (SMPDD)
Overview: SMPDD provides smaller-scale financing for minority-owned businesses needing micro-loans to start or expand operations.
- Loan amounts: $2,000 to $35,000
- Interest rate: 4% above Federal Discount Rate
- Financing: Can finance 100% of total project subject to 5% owner equity injection
Loan Terms
- Certified Minority Business Enterprise
- Credit worthy
- Mississippi resident
- Demonstrated ability to repay
Eligibility Requirements
Geographic Scope
Southern Mississippi region- 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
Contact Information
How to Apply
Application Process
1. Contact Loan Program Manager for application materials
2. Ensure Minority Business Enterprise certification
3. Complete application form
4. Submit required documentation
5. SMPDD processes and approves application
- Ronnie Emile, Loan Program Manager: remile@smpdd.com
- Phone: 1-228-868-2311 or 1-800-444-8014
Contact for Application
Focus Areas & Funding Uses
Fields of Work
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