Areas Served: Calhoun, Chickasaw, Itawamba, Lafayette, Lee, Monroe, Pontotoc, and Union counties.
Three Rivers PDD fosters economic development through the management of various small business loan programs for the Mississippi counties of Calhoun, Chickasaw, Itawamba, Lafayette, Lee, Monroe, Pontotoc, and Union.
All Three Rivers Small Business Loan Programs are designed to provide low cost, low fixed rates, and long-term financing for eligible small businesses in our eight county region.
These programs utilize a public-private partnership between commercial lenders and Three Rivers PDD to assist small businesses with both start-up and expansion needs.
The programs are designed to be beneficial to both the small business concern and the private sector lenders who participate.
Three Rivers staff works with the private sector lender and small business concerns to provide complete loan packaging services.
Advantages to the small business concern: – Low equity injection requirements allow for 90% to 95% financing which enables small businesses to preserve its working capital by keeping cash to grow the business.
– Low fixed interest rates provide for stable future occupancy coSt. – Long term financing keeps the monthly debt service affordable and constant, no matter how the economy performs.
Loan maturity is based on the useful life of assets being financed.
Contact InformationThree Rivers Planning & Development
Address: 75 South Main Street
City: Pontotoc
State: Mississippi
Website:
http://www.trpdd.com/
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