6 MAC Pt. 2, R. 3.9
Terms of MBE Loan(s)
Cite as 6 Miss. Admin. Code Pt. 2, R. 3.9
Terms of MBE Loan(s). The maximum term of the MBE loan shall be seven (7) years
for working capital, ten (10) years for machinery and equipment, and fifteen (15) years for land
and building. If loan proceeds are to be used for a combination of working capital, machinery
and equipment, or land and building, then a blended term may be used that is proportionate to the
use of the funds and to the collateral securing the loan.