6 MAC Pt. 2, R. 3.16
Proper Use of MBE Micro-Loan Funds
Cite as 6 Miss. Admin. Code Pt. 2, R. 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.