Author Archive

For SBA fixed-asset lending, think 504

by Published: September 15,2014

Tags: banking, Business, Mississippi, SBA

Mississippi’s small businesses looking to buy land, build a building, physically expand or buy new equipment often turn to the Small Business Administration’s 504 loans. The fixed-asset loans offer fixed rates of from 10 to 20 years in amounts up to $5.5 million. They are administered through a pair of subsidiaries of the state’s regional […] [...]

Community Bancshares still a top destination for borrowers seeking SBA loans

by Published: September 15,2014

Tags: banking and finance, Business, Mississippi

Brandon-based Community Bancshares continues to run far ahead of other Mississippi banks in the amount of money loaned to businesses through the Small Business Administration. Community Bancshares, the $2.5 billion parent of four separately chartered Community Bank companies based in Biloxi, Ellisville, Brandon and Amory, made slightly more than $47 million in SBA loans from […] [...]

CSpire offering 1Phone 6, IPhone 6 Plus on Sept. 19

by Published: September 10,2014

Tags: Apple, Business, iPhone 6, Mississippi, technology

Apples’ iPhone 6 and iPhone 6 Plus, proclaimed by the telecom industry as  the biggest advancements in iPhone history, will be available beginning Sept. 19 on its fast 4G+ LTE network. Customers can buy the phones at any of the dozens of CSpire retail stores across Mississippi, online at www.cspire.com/iphone6 and through CSpire’s Consumer Telesales group at 1-855-CSP-IRE4. […] [...]

Casual dining is an economic indicator

by Published: September 4,2014

Tags: Business, Dining, economy, flowed, Mississippi, Outback Steakhouse

How’s an area’s economy doing? Just check the traffic at casual dining restaurants such as Outback, Longhorn, Logan’s and Olive Garden. J&R Restaurant Group’s sales at its eight Mississippi and Tennessee Outback Steakhouses dropped along with the economy from 2007-2009. By 2010, with a degree of life returning to the economy and job insecurity lifting, […] [...]

Outback Steakhouse dream realized in Flowood

by Published: September 4,2014

Tags: australia, Business, Dining, Flowood, Mississippi, outback

A victory at the polls in 2006 after a pair of defeats in Flowood liquor-by-the-drink referendums positioned Steven Grantham Jr. to carry out his late father’s plans for a second Outback Steakhouse in Metro Jackson. Flowood finally would get an Outback restaurant where diners could enjoy their favorite spirits along with thick cut grilled steaks […] [...]

Ridgeland apartments face classification deadline

by Published: September 3,2014

Tags: apartments, Business, Mississippi, ridge land

Ridgeland has given the owners of its dozen-and-a-half apartment complexes until Sept. 6 to apply for classifications that will determine whether the complexes must be demolished or gain time to meet sweeping new zoning and building-density rules. Some, such as the decades-old Baymeadows Apartment on Pine Knob Drive, may have to come down and its […] [...]

What’s behind the plan? Apartment zoning in Ridgeland targets minorities, lawsuit says

by Published: September 3,2014

Tags: apartments, Business, lawsuit, Mississippi, Ridgeland

A federal lawsuit filed last Friday charges that Ridgeland’s bid to phase-out current apartment complexes seeks to rid the city of affordable housing occupied primarily by blacks and Hispanics. The suit on behalf of the 260-unit Baymeadows Apartments is in response to an overhaul of the city’s zoning ordinance in February that designated five of […] [...]

George Flaggs regrets repayment flaw in lending law

by Published: August 29,2014

Tags: Business, Mississippi, payday lenders

The former chairman of the Mississippi House Banking Committee gave strong support in 2012 to renewal of the state’s payday lending law. The chairman’s enthusiasm even led him to lead the push to remove sunset provisions and make payday lending permanent in Mississippi. George Flaggs, elected mayor of Vicksburg last year after 26 years in […] [...]

Mike Chaney gives large businesses one-year waiver to make coverage ACA compliant

by Published: August 29,2014

Tags: Affordable Care Act, busiiness, healthcare, Mississippi, Obamacare

The Mississippi Department of Insurance says it is encouraged by sign-up levels for an Internet-based small business health insurance exchange that has already completed a series of open enrollments. The federal Affordable Care Act gives states the option of operating a Small Business Health Options Program, or SHOP, marketplace. Mississippi is calling its SHOP One, […] [...]

Healthcare Marketplace to look much the same in 2015

by Published: August 29,2014

Tags: Affordable Care Act, Business, healthcare, Mississippi, Obamacare

Humana and Magnolia Health will stay the course in their Mississippi health insurance marketplace exchanges in the coming year. The only change is Magnolia’s request to add a pair of counties to its coverage area. Humana has applied to continue coverage in 40 of the state’s 82 counties, including the urban counties of Hinds, Rankin, […] [...]

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