6 Miss. Code. R. 2-3.16

Current through December 10, 2024
Rule 6-2-3.16 - Proper Use of MBE Micro-Loan Funds

MBE Micro-Loan funds may be used to finance up to 100% of total projects of $2,000 to $35,000. All borrowers must have at least 5% equity in the project. These funds are not intended to be used as gap financing and proceeds shall not be utilized with any other financing.

6 Miss. Code. R. 2-3.16

Miss. Code Ann. § 57-69-5 (Rev. 2008)