Minority Business Assistance

The Mississippi Development Authority offers numerous programs and services designed to help minority-owned, women-owned and small business enterprises grow and thrive. The state’s financial assistance programs for disadvantaged businesses include the following:

Minority Business Enterprise Loan

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

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

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.

Minority Surety Bond Guaranty Program

The Minority Surety Bond Guaranty Program is available on construction projects requiring a performance and payment bond where the contracting agency is a federal, state, or local unit of government (public projects). It is also available on certain private projects that have governmental funding.

To learn about other programs available to small businesses, visit the Small Business Assistance page.