Mississippi Administrative Code
Title 6 - Economic Development
Part 9 - Economic Development Division
Chapter 5 - Mississippi Community Development Financial Institution (CDFI) Small Business Loan Fund Program
Rule 6-9-5.11 - Reporting and Compliance Requirements

Universal Citation: MS Code of Rules 6-9-5.11
Current through September 24, 2024

All Participants must submit a monthly transaction level report for all current and historic activities using SBLF funds. This transaction level report must include:

* SBLF-enabled loan size and current balance;

* Total transaction size excluding non-eligible capital (ex. SBA loans);

* Total eligible capital in the transaction for leverage calculations;

* Any subsequent private financing secured by the borrower after the transaction;

* Demographics of the borrower;

* Date the transaction began;

* Date the transaction was repaid;

* Term of the transaction; and

* Number of employees at the time of the transaction, including independent contractors and sole proprietors.

The MDA will provide training to participating funds on the tools that are required for reporting.

Miss. Code Ann. § 57-10-601; 12 USC § 5701 et seq.

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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