Small Business Assistance

MDA recognizes the vital role small businesses and aspiring entrepreneurs play in Mississippi’s economy and their importance to the state’s future. Small business assistance programs offered by MDA include the following:

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.

Small Business and Existing Forestry Industry Loan

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.

Agribusiness Enterprise Loan

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.

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.