Rule 6-11-3.3 - Ineligible Loan Purposes and UsesUnder the program, loans made for the following uses or purposes are not eligible to apply:
A. Refinancing existing debtB. Financing the acquisition, construction, improvement, or operation of real property, which is to be held primarily for sale or investment, such as commercial real estate ownershipC. Financing any business engaged in lending, directly or indirectlyD. Repaying delinquent federal or state income taxesE. Reimbursing funds owed to any owner, including any equity injectionF. Financing working capital and/or rolling stockG. Financing a non-business purpose Miss. Code Ann. § 57-119-1, et seq.