Program Objective

Program Objective. The Mississippi CDFI Small Business Loan Fund Program (SBLF) is designed to facilitate capital accessibility for small businesses unable to access traditional bank debt by providing matching funds for CDFI loan funds. The program’s purpose is to enable participating CDFI loan funds to make loans and provide lines of credit, or other appropriate debt financing, to new or existing small businesses in a difficult credit environment. This is projected to help with the development, expansion, and retention of Mississippi’s small businesses. The SBLF will provide these expanded funding opportunities to Mississippi small businesses, startups, and entrepreneurs by providing low-cost debt to CDFI loan funds with established track records of serving Mississippi businesses. The loans are administered by the Mississippi Development Authority (MDA).