Central MS Planning & Development District
Small Business Assistance
CMPDD fosters economic development through a variety of business financing programs. These programs are designed to help businesses grow and create jobs. They are intended to work with, not replace, existing commercial financing and usually are combined with commercial sources to finance a complete project.
CMPDD works directly with the business client to package a financing plan that meets the needs and credit criteria of the business. CMPDD can draw from one or more of the following financing programs:
| Loan Programs | Targeted Businesses | Maximum Loan Amount |
Terms/ Interest Rate |
Use | Portion of Project Financed |
| US Small Business Adm. 504 | Small business | $1,500,000 – $2,000,000 | 10 or 20 years; fixed | Fixed Assets | 30% – 40% |
| Econ. Dev. Adm. Revolving Loan | Small business | $200,000 | Up to 15 years; 5.00% fixed | Fixed Assets, Inventory, Working Capital | 33% |
| MS Minority Business Enterprise |
Minority-owned, including women | $250,000 | Up to 15 years; 6.50% fixed | Fixed Assets, Inventory, Working Capital | 50% |
| MS Minority Business Enterprise - Micro |
Minority-owned, including women | $35,000 | Up to 5 years; 4.50% fixed |
Fixed Assets, Inventory, Working Capital | 100% |
| MS Small Business Assistance | Small business | $250,000 | Up to 15 years; 5.00% fixed | Fixed Assets, Inventory, Working Capital | 50% |
| Loan Guarantee Programs | Targeted Businesses | Maximum Loan Amount |
Terms/ Interest Rate |
Use | Portion of Project Financed |
| SBA Pre-Qualification | Small business | $250,000 | Up to 10 years; Market Rate | Fixed Assets, Inventory, Working Capital | Up to 90% Guarantee |
| SBA Export Working Capital | Small exporting | $833,333 | 1 year; Market Rate |
Pre- and post-export Working Capital | Up to 90% Guarantee |
| SBA Community Express Loan |
Small Office / Home Office |
$50,000 | 7 years | Working Capital | 100% |
NOTE: Interest Rates are subject to change without notice. Last change was May 15, 2009.
Each program has specific eligibility criteria and conditions. The consolidated loan application is intended to gather the information needed to assess the credit needs of a business. CMPDD will use this information to help the business access the most appropriate financing program(s).
For more information on the business financing services available from CMPDD, contact:
T. Larry Anderson, Loan Officer, or Dwayne Perkins
Central Mississippi Development Company, Inc.
P. O. Box 4935
Jackson, MS 39296-4935
Phone (601) 981-1625 • Fax (601) 981-1515