Mississippi Administrative Code
Title 6 - Economic Development
Part 2 - Community Foundations COVID-19 Grant Program
Chapter 4 - Mississippi Capital Access Contract Loan Program (MS CAP)
Rule 6-2-4.10 - Use of Loan Proceeds

MS CAP may be used to finance costs associated with the creation or expansion of a Small Business, including fixed assets, working capital, start-up costs, rental payments, interest expense during construction, and professional fees related to the project. The maximum amount that may be loaned to anyone borrower is $150,000. The Loan may not be used in conjunction with any other State finance program.

Miss. Code Ann. § 57-69-5 (Rev. 2008)