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Three Rivers PDD
fosters economic development through the management of
various business financing programs.
These financing options are used to assist
business start-ups and business expansions.
All Three Rivers Small Business Loan Programs
are designed to provide low cost, low fixed rates and
long-term loans for
eligible small businesses by financing a portion of
the loan project cost.
Three Rivers’ staff works with the private
sector lender and small business concerns to provide
complete loan packaging services.
Click here for a list of loans links
and click here to send e-mail to Three
Rivers requesting more information concerning our loan
programs. Following
is a list of Economic Development Financing Programs
operated by TRPDD.
- Three
Rivers Local Development Company, Inc
(U.S. Small Business Administration)
Three Rivers is designated by the Small Business
Administration as a “Certified Development
Company,” to work with small businesses and
private lenders to initiate loans under the 504
Loan Program.
The maximum SBA 504 loan amount is
$2,000,000 ($4,000,000
for small manufacturers) with a maximum
participation not to exceed 40% of the project
cost. It
will require the creation or retention of at least
one job per $50,000 of financing and will be
available in all TRLDC counties.
The service area includes all 82 counties of the
State.
- Revolving
Loan Fund (RLF)
(Economic Development Administration &
Appalachian Regional Commission)
TRPDD will make fixed
assets, inventory, and working capital loans up to
$200,000 representing not more than 33% of total
project. It will require at least one job per
$20,000 of project financing.
- Minority
Business Loan Fund (MBLF)
TRPDD will make fixed
assets, inventory, working capital loans up to
$250,000 representing not more than 50% of the
total project.
- MS
Small Business Assistance Loan Fund (MSBAP)
TRPDD will make fixed assets, inventory, and
working capital loans up to $250,000 per business.
It is the result of the Mississippi Small Business
Assistance Act of 1993 and is administered by the
Mississippi Development Authority.
- Intermediary
Relending Program (IRP)
TRPDD will make fixed
assets, inventory, and working capital loans up to
$250,000 per business.
- Technical
Assistance in Preparation of Other Loan
Applications TRPDD
will aid small businesses in finding sources of
debt financing and will assist in preparing
application packages for the U.S. Small Business
Administration, USDA Rural Development, Community
Development Block Grant, and Mississippi Business
Finance Corporation..
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