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Mississippi Minority Business Micro Loan Program
Minority-Owned · Mississippi Development Authority · MS
The Mississippi Minority Business Micro Loan Program is a state loan program run by the Mississippi Development Authority, offering loans up to $35,000 to eligible minority- and women-owned businesses in Mississippi for inventory, working capital, and equipment.
The Mississippi Minority Business Micro Loan Program is a state-run financing program administered by the Mississippi Development Authority (MDA), specifically through its Minority and Small Business Development Division. Despite sometimes being grouped with grant listings, this is a loan program, not a cash grant — it provides loans of up to $35,000 to eligible businesses.
The funds are intended to help minority- and women-owned businesses in Mississippi cover practical operating needs such as inventory purchases, working capital, and machinery or equipment. Rather than lending directly, MDA works in conjunction with Mississippi Planning and Development Districts and related local lending entities, which handle the actual loan process on the ground.
For a small-business owner in Mississippi who qualifies as socially and economically disadvantaged and minority- or women-owned, this program can offer an alternative or supplement to conventional bank financing, particularly for smaller capital needs that might not warrant a larger commercial loan. Because it is a loan, borrowed funds must be repaid according to terms set by the lending entity, unlike a grant.
Because specific details such as current interest rates, repayment terms, application cycles, and the exact designation process are not fully spelled out in the available summary, business owners should treat the $35,000 figure and the general program description as a starting point only. Anyone interested should visit the official Mississippi Development Authority page to confirm current loan terms, required documentation, the process for being designated as a qualifying minority- or women-owned business, and which local Planning and Development District or lending partner serves their area before applying.
Who qualifies
How to apply
Questions people ask
Is this a grant or a loan?
It is a loan program, not a cash grant, offering loans of up to $35,000.
Do I have to repay the money?
Yes, since this is a loan, it must be repaid according to terms set by the lending entity involved.
Who runs this program?
The Mississippi Development Authority (MDA), through its Minority and Small Business Development Division, oversees the program.
Who is eligible to apply?
Socially and economically disadvantaged minority- and women-owned businesses designated by MDA's Minority and Small Business Development Division.
What can the loan funds be used for?
Funds can be used for inventory, working capital, and machinery or equipment.
How much money can I get?
Loans are available up to a maximum of $35,000.
Is there a minimum loan amount?
Confirm at the source; no minimum amount is specified in the available information.
What is the deadline to apply?
The listing notes to check current rounds; confirm the specific deadline at the official source.
Where do I apply?
Applications go through Mississippi Planning and Development Districts and related lending entities working with MDA; more information is at https://mississippi.org/minority-small-business-loans/.
Is this program only for Mississippi businesses?
Yes, this is a Mississippi state program limited to businesses in that state.
Is the loan amount taxable?
Confirm at the source; tax treatment of loan proceeds is not addressed in the available information.
What interest rate or repayment terms apply?
Confirm at the source, as specific loan terms are not detailed in the available summary.
Opportunity number: not published. Source: curated + verified (official state source, 2026). GetFundedUSA is independent and not affiliated with Mississippi Development Authority; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.