Rule 6-1-7.2 - Qualified Participants 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)