Business Financing

The Mississippi Development Authority offers a number of loan programs designed to assist businesses in creating jobs and making capital investments in the state.

As you continue with your site selection process or consider an expansion of an existing facility, please contact MDA. The agency stands ready to assist you throughout this process and can provide you with more detailed information on programs available to help meet your project’s specific requirements.

Mississippi Business Finance Corporation Industrial Revenue Bonds

Mississippi’s Industrial Revenue Bond Program allows companies to finance their location or expansion projects in the state through the issuance of taxable and tax-exempt bonds.  Utilizing industrial revenue bonds can provide businesses with interest cost savings and can qualify them to receive certain tax incentives, including a sales and use tax exemption, the Rural Economic Development (RED) Income Tax Credit and property tax exemptions.

Capital Improvements Revolving Loan

The Local Government Capital Improvements (CAP) Loan Program provides loans to counties or municipalities to finance public infrastructure improvements in Mississippi in support of business location and expansion projects and other community-based projects.

Existing Industry Productivity Loan Program

The Existing Industry Productivity Loan Program provides loans to manufacturing businesses to help them retain jobs in Mississippi and improve their productivity.  Manufacturers that have operated in the state for at least two years may apply, or counties or municipalities may apply for a loan to assist a manufacturing enterprise in their area in deploying long-term fixed assets.

Small Business Loan Guaranty Program

The Small Business Loan Guaranty Program (SBLGP) provides access to capital for small businesses by issuing loan guaranties to banks and other small business lenders. The SBLGP was created to enable lenders to make term loans or provide lines of credit to new or existing small business in a difficult credit environment.

Agribusiness Enterprise Loan Program

The Agribusiness Enterprise (ABE) Loan Program provides loans through financial institutions to agriculture-related businesses in Mississippi to encourage job creation and the growth of the state’s agricultural industry.

Small Business and Existing Forestry Industry Loan Program

The Small Business and Existing Forestry Industry Loan Program (SBEFI) encourages the extension of conventional financing, along with the issuance of letters of credit by private institutions, to qualified small businesses or existing companies in the forestry industry.  Through this program, the Mississippi Development Authority provides low-interest loans to qualified businesses.

Minority Business Enterprise Loan Program

The Minority Business Enterprise Loan Program provides loans to socially and economically disadvantaged minority and women-owned businesses as designated by the Mississippi Development Authority’s Minority and Small Business Development Division.

Minority Business Micro Loan Program

The Minority Business Micro Loan Program provides loans to socially and economically disadvantaged minority and women-owned businesses as designated by the Mississippi Development Authority’s Minority and Small Business Development Division.

Capital Access Contract Loan Program

The Capital Access Contract Loan Program assists socially and economically disadvantaged businesses by providing loans to borrowers who have contracts with public entities and who might have difficulty in obtaining conventional loans.

Energy Efficiency Revolving Loan Program

The Energy Efficiency Revolving Loan Program provides loans to businesses and other eligible entities that are increasing energy efficiency in their buildings, equipment and processes.