Small business loans spark private-company success

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Published: November 9,1998

The role of small business loans has contributed to the success of many private companies in Mississippi such as Miskelly Furniture, KLLM and McRaes Department Stores.

In FY1998, 420 loans totaling $105 million were made through the Small Business Administration, primarily through the 7(A) Guaranty Program and 504 Certified Development Company Program. In FY1997, 425 loans totaling $73.5 million were made, said Janita Stewart, district director. “We were able to achieve 98.8% of our target of 425 loans, making Mississippi the…

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