6 Miss. Code. R. 2-3.16 - Proper Use of MBE Micro-Loan Funds
MBE Micro-Loan funds may be used to finance up to 100% of total projects of $2,000 to $35,000. All borrowers must have at least 5% equity in the project. These funds are not intended to be used as gap financing and proceeds shall not be utilized with any other financing.
Notes
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