Capital Improvements Revolving Loan Program

The Capital Improvements Revolving (CAP) Loan Program provides loans to municipalities and counties for the improvement of public facilities and infrastructure to assist with business locations and expansions with community-based projects.

County and municipal governmental authorities in Mississippi may apply for loans under this program.

Eligible Projects

  • Land improvements
  • Drainage systems
  • Improvements in fire protection
  • Sewer systems
  • Industrial access roads
  • Rail Spurs
  • Buildings
  • Water supply systems (storage, treatment and distribution)
  • Remediation of Brownfield agreement sites

Eligible Industries

  • Manufacturers
  • Warehouses and distribution centers
  • Research and development facilities
  • Hospitals
  • Telecommunications and data processing facilities
  • National or regional headquarters

Loan Terms

Loans made under the Capital Improvements Revolving Loan Program may be made for a maximum of twenty years. The annual interest rate on these loans is 3% for taxable activities and 2% for tax-exempt activities.

For further details, see Section 57-1-301, MS Code 1972, Annotated.

steve hardin

Steve Hardin

Director, Community Services