6 Miss. Code. R. 9-5.11

Current through October 10, 2024
Rule 6-9-5.11 - Reporting and Compliance Requirements

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.

6 Miss. Code. R. 9-5.11

Miss. Code Ann. § 57-10-601; 12 USC § 5701 et seq.
Amended 12/26/2023