6 MAC Pt. 2, R. 3.6
Borrower Investment Requirement for a New Business
Cite as 6 Miss. Admin. Code Pt. 2, R. 3.6
Borrower Investment Requirement for a New Business. When loan proceeds are used to
start a new business or to purchase an existing business, the total project cost is the amount
required to establish or acquire that business. The borrower must inject a minimum of five
percent (5%) equity into the project in the form, of cash of tangible assets such as land, building
or equipment.