6 Miss. Code. R. § 1-7.2 - Qualified Participants

Small Business/Existing Forestry Industry Loans may be made to the following participants:

A. Small Businesses: commercial enterprises with less than:
(i) 100 full time employees;
(ii) Seven Million dollars in gross revenues; or
(iii) Seven hundred fifty thousand dollars in profit after taxes.
B. Existing Forestry Industry Enterprises: manufacturing enterprises with its principle place of business in the state that:
(i) Have been operational in the state for a minimum of three years;
(ii) Perform the initial processing of logs for the production of lumber, poles, or timber; and
(iii) Has maintained an average of at least fifteen employees within the past thirty-six months of application.
(iv) Exception: Does not include enterprises with the primary business of producing chips, or pulp manufacturer and/or paper manufacturer,
(v) Has employed an average of not less than fifteen (15) full time employees based on the most recent thirty-six-month period.

Notes

6 Miss. Code. R. § 1-7.2
Miss. Code Ann. § 57-111-1 (Supp. 2008)

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