Mississippi Administrative Code
Title 6 - Economic Development
Part 4 - Community Services
Chapter 2 - Rural Impact Fund Grant Program (RIF)
Rule 6-4-2.7 - Rural Business Application
Universal Citation: MS Code of Rules 6-4-2.7
Current through September 24, 2024
For Rural Business Loan Guarantees, the business must provide the following:
A. Credit reports and personal income tax records on all investors with twenty percent (20%) or more investment in the company;
B. A description of the collateral with the appraised value, acquisition price and the expected life of the collateral;
C. The last three years of the company's annual audit, financial statements and tax returns;
D. For start-up companies, a business plan, three years of monthly proformas financial statements will be required, and
E. Corporate and personal guarantees.
Miss. Code Ann. § 57-85-1 etseq. (Rev. 2008)
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