Revolving Loan Funds

SMPDD offers a revolving loan program with amounts ranging from $2,000 up to $500,000. The interest rates vary from 3% to 5.25%.

  • Funding available for start-up or existing businesses
  • Funding available for job creation or retention
  • Funding for real estate, machinery and equipment, inventory and working capital
  • Terms: 15 year for real estate, 10 years for machinery and equipment and 5 years for inventory/working capital
  • SMPDD can provide stand-alone financing or partner with banks to provide supplemental financing.

Click here for application.

For more information, contact Regina Melton or Stephen O’Mara at (228)868-2311 or email us at rmelton@smpdd.com or somara@smpdd.com.

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