6 Miss. Code. R. 11-3.3 - Ineligible Loan Purposes and Uses
Under the program, loans made for the following uses or purposes are not eligible to apply:
A.
Refinancing existing debt
B.
Financing the acquisition, construction, improvement, or operation of real
property, which is to be held primarily for sale or investment, such as
commercial real estate ownership
C.
Financing any business engaged in lending, directly or indirectly
D. Repaying delinquent federal or state
income taxes
E. Reimbursing funds
owed to any owner, including any equity injection
F. Financing working capital and/or rolling
stock
G. Financing a non-business
purpose
Notes
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