• Oct 27, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

South Delta Planning & Development District, Inc offers a variety of business loans for Mississippi businesses in Bolivar, Sharkey, Humphreys, Sunflower, Issaquena and Washington Counties. EDA Revolving Loan Fund The District’s Revolving Loan Fund has ben the most utilized funding source throughout the past year. The creation or expansion of each business has had a great economic impact to the area. Since this program started, loans processed have totaled more than $4 million. Farmer’s Home Administration Intermediary Relending Program The FmHA IRP is operated in conjunction with Rural Economic and Community Development / Farmer’s Home Administration by SDPDD. Upon utilization of the original funds loaned to SDPDD by FmHA, the program has developed into a Revolving Loan Fund program for SDPDD. This program has proved useful and has had a great influence on the economics of the South Delta region. Total funds loaned – $6,031,061. Minority Business Enterprise Program The State of Mississippi created this program for the purpose of making grants or loans to Planning and Development Districts to establish a revolving loan fund to assist in providing financing of minority economic development. SDPDD has processed or committed $2,697,984 for this program. This loan program continues to grow creating a great impact on the South Delta region. Mississippi Small Business Assistance Loan Program This program which began in October, 1993 was capitalized with a $1,000,000 grant to South Delta PDD. It is used to aid small businesses in the District. SDPDD has loaned $4,576,770 from this program. Contact Information South Delta Planning & Development District, Inc Address: 124 South Broadway Street City: Greenville State: Mississippi Website: https://www.southdeltapdd.com/