Mississippi Administrative Code
Title 6 - Economic Development
Part 2 - Community Foundations COVID-19 Grant Program
Chapter 3 - Minority Business Enterprise Loan (MBE) and Micro-Loan (MBEM) Programs
Rule 6-2-3.15 - Terms of MBEM Loan(s)
Universal Citation: MS Code of Rules 6-2-3.15
Current through September 24, 2024
The terms allowed are determined by the loan amount and should relate to the type of collateral offered. Terms should not exceed three (3) years for loans of $2,000 to $5,000, four (4) years for loans of $5,001 to $10,000, five (5) years for loans of $10,001 to $15,000, and seven (7) years for loans of $15,001 to $35,000.
Miss. Code Ann. § 57-69-5 (Rev. 2008)
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