Mississippi Loan Guaranty Program (Mississippi)

From Open Energy Information

Last modified on February 12, 2015.

EZFeed Policy

Place Mississippi

Applies to States or Provinces Mississippi
Name Mississippi Loan Guaranty Program (Mississippi)
Policy Category Financial Incentive
Policy Type Bond Program, Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector Non-Profit

Program Administrator Mississippi Business Finance Corporation
Primary Website http://www.msbusinessfinance.com/programs/mississippi-loan-guaranty-program/
Applicable Jurisdiction Statewide

Last Review 2014-09-15

Information Source http://www.msbusinessfinance.com/wp-content/uploads/2012/05/MBFC_application211.pdf


The Mississippi Loan Guaranty Program, administered by the Mississippi Business Finance Corporation ("MBFC"), enables small businesses to obtain term financing through the use of loan guarantees. The MBFC maximum guarantee is 75% of the bank's loss in the event of a default or $375,000, whichever is less. Loans may have a maturity of up to 20 years, with the interest rates established by the lender.

Policy Contact

Contact Name Bill Barry
Department Mississippi Business Finance Corporation
Division Treasurer/Executive Director
Address 735 Riverside Drive Suite 300, Jackson, Mississippi, 39202
Place Jackson Offices
Phone 601-355-6232

Email bbarry@mbfc.cc
Contact Name Cindy Carter
Department Mississippi Business Finance Corporation
Division Secretary and Senior Finance Officer

Email ccarter@mbfc.cc

Authorities (Please contact the if there are any file problems.)

Authority 1: Mississippi Business Finance Corporation (on behalf of the State of Mississippi) under the Mississppi Loan Guaranty Program