Mississippi Administrative Code
Title 6 - Economic Development
Part 1 - Financial Resources
Chapter 7 - Small Business and Existing Forestry Industry Loan Program
Rule 6-1-7.2 - Qualified Participants
Universal Citation: MS Code of Rules 6-1-7.2
Current through September 24, 2024
Small Business/Existing Forestry Industry Loans may be made to the following participants:
A. Small Businesses: commercial enterprises with less than:
(i) 100 full time employees;
(ii) Seven Million dollars in gross revenues;
or
(iii) Seven hundred fifty
thousand dollars in profit after taxes.
B. Existing Forestry Industry Enterprises: manufacturing enterprises with its principle place of business in the state that:
(i) Have been operational in the state
for a minimum of three years;
(ii)
Perform the initial processing of logs for the production of lumber, poles, or
timber; and
(iii) Has maintained an
average of at least fifteen employees within the past thirty-six months of
application.
(iv) Exception: Does
not include enterprises with the primary business of producing chips, or pulp
manufacturer and/or paper manufacturer,
(v) Has employed an average of not less than
fifteen (15) full time employees based on the most recent thirty-six-month
period.
Miss. Code Ann. § 57-111-1 (Supp. 2008)
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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