Loans

EDA Revolving Loan Fund
The District's Revolving Loan Fund has ben the most utilized funding source throughout the past year. The creation or expansion of each business has had a great economic impact to the area. Since this program started, loans processed have totaled more than $4 million.

Farmer's Home Administration Intermediary Relending Program
The FmHA IRP is operated in conjunction with Rural Economic and Community Development / Farmer's Home Administration by SDPDD. Upon utilization of the original funds loaned to SDPDD by FmHA, the program has developed into a Revolving Loan Fund program for SDPDD. This program has proved useful and has had a great influence on the economics of the South Delta region. Total funds loaned - $6,031,061.

Minority Business Enterprise Program
The State of Mississippi created this program for the purpose of making grants or loans to Planning and Development Districts to establish a revolving loan fund to assist in providing financing of minority economic development. SDPDD has processed or committed $2,697,984 for this program. This loan program continues to grow creating a great impact on the South Delta region.

Mississippi Small Business Assistance Loan Program
This program which began in October, 1993 was capitalized with a $1,000,000 grant to South Delta PDD. It is used to aid small businesses in the District. SDPDD has loaned $4,576,770 from this program.

Rural Business Enterprise Grant Program - RBEG 1 and 2 Combined
RBEG loan funds have been awarded to SDPDD for loans to small businesses in the Empowerment Zone. This funding represents $350,000, all of which has been committed in addition to $101,660 in recap funds.

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