Southern Mississippi Planning and Development District

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Minority Business Enterprise Micro-Loan Fund

Southern Mississippi Planning and Development District administers a Minority Revolving Micro-Loan Program funded through MDA, Minority Division, specifically for socially and economically disadvantaged minority and women-owned businesses. The terms of the loans are extended and the interest rates are fixed, which in turn provides the borrower with additional operating capital throughout the life of the loan.

Mississippi Small Business Assistance Loan

Southern Mississippi Planning and Development District was approved in August, 1993 and October, 1995, for a new loan program, the Mississippi Small Business Loan Program sponsored by MDA. This program has made $2,600,000 available to small businesses in the 15 county region. The Small Business Assistance Loan Program will participate up to 50% of the total financing needed. The equity injection requirement is 10% of the total project cost and will subordinate to a senior lender.

Leslie Newcomb, Executive Director

SMPDD Gulfport Office

9229 Highway 49

Gulfport, MS 39503

Phone:(228) 868-2311

SMPDD Hattiesburg Office

700 Hardy Street

Hattiesburg, MS 39401

Phone: (601) 545-2137