SOUTHERN MS PLANNING & logo

SBA 504 Loan Program

SOUTHERN MS PLANNING &

Foundation Rolling (Quarterly) Small Business GrantsGrants for Startups

Funding Amount

Up to $5,000,000

Deadline

Rolling / Open

Grant Type

foundation

Overview

SBA 504 Loan Program

Funder: Southern Mississippi Planning and Development District (SMPDD) in partnership with TRPDD (Tombigbee Regional Planning and Development District)

Overview: SBA 504 loans combine traditional bank financing with SBA 504/CDC financing and owners' equity. This product provides an option for businesses needing funding in excess of the existing Revolving Loan Fund maximum loan amount of $500,000.

    Loan Structure

  • Combination of: Traditional bank financing + SBA 504/CDC financing + owners' equity
  • Maximum SBA 504 loan amount: $5,000,000
  • Maximum participation: Not to exceed 40% of project cost

    Process

  • Applications are packaged and forwarded to TRPDD's loan staff for underwriting, processing, and approval

Geographic Scope

Southern Mississippi region

    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

1. Contact Loan Program Manager for application materials
2. Complete SBA 504 loan application
3. Submit required documentation
4. Application is packaged by SMPDD
5. Forwarded to TRPDD's loan staff for underwriting, processing, and approval

    Contact for Application

  • Ronnie Emile, Loan Program Manager: remile@smpdd.com
  • Phone: 1-228-868-2311 or 1-800-444-8014

Focus Areas & Funding Uses

Fields of Work

small-businessesstartups

Categories

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