Collections
Mississippi Administrative Code

Chapter 3

6 Miss. Code R. 2-3

Minority Business Enterprise Loan (MBE) and Micro-Loan (MBEM) Programs

MISSISSIPPI DEVELOPMENT AUTHORITY

3.1MBE Overview 3.2Eligibility 3.3Definitions 3.4Ability to Repay 3.5Proper Use of Loan Proceeds 3.6Borrower Investment Requirement for a New Business 3.7Borrower Requirements to Expand an Existing Business 3.8When Loans are Unavailable 3.9Terms of MBE Loan(s)3.10Proper Use of MBE Loan Funds 3.11Interest Rate on MBE Loan(s)3.12Collateral on MBE Loan(s)3.13Fees on MBE Loan(s)3.14MBEM Overview 3.15Terms of MBEM Loan(s)3.16Proper Use of MBE Micro-Loan Funds 3.17Interest Rate on MBE Micro-Loan(s)3.18Collateral on MBE Mircro-Loan(s)3.19Qualified Entity Involvement in Approval of MBE Mircro-Loans 3.20Fees on MBE Micro-Loan 3.21Application Submission 3.22Application Requirements 3.23Notification of Approval 3.24Reporting Requirements 3.25Audits