Mississippi Business Journal » loan

USDA awards loans, grants to three power associations

MBJ Staff — Wed, 29 May 2013 11:59:43 +0000

AROUND MISSISSIPPI — Loans and grant funds will be provided to applicants in 11 states to support businesses, improve the quality of medical care, and create or save hundreds of jobs through the U.S. Department of Agriculture’s Rural Economic Development Loan and Grant program. Three electric power associations in Mississippi are receiving loans and/or grants. [...]

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Deadline approaching for post-tornado loans from SBA

MBJ Staff — Fri, 17 May 2013 12:12:07 +0000

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds homeowners, renters, businesses and non-profit organizations of the deadline to submit disaster loan applications for damages due to the severe storms and tornadoes April 11-12. The deadline to apply for physical damage is June 17. Low-interest disaster loans are available in the following counties: Noxubee County [...]

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Check-cashing firm buys 10 more stores across Miss.

MBJ Staff — Thu, 16 May 2013 17:53:02 +0000

MADISON — All American Check Cashing announced today the completion of the acquisition of 10 payday loan retail stores today throughout Mississippi. Terms were not disclosed. This marks the second merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana to 44. The payday loan [...]

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Supervisors want to borrow money for future development

Associated Press — Wed, 08 May 2013 20:23:07 +0000

STARKVILLE — Oktibbeha County supervisors have passed a resolution to let the public know it will borrow $5 million when needed to support an economic development opportunity. Supervisors took the action this week at the urging of the Golden Triangle Development LINK, a local economic development group. The county would borrow the money by issuing [...]

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Deadline approaching for Hurricane Isaac assistance

MBJ Staff — Mon, 06 May 2013 22:19:06 +0000

SOUTHEAST MISSISSIPPI — The U.S. Small Business Administration is reminding small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes that June 3 is the filing deadline for federal economic injury disaster loans available in Clarke, George, Greene, Jackson,Lauderdale and Wayne counties as a result of Hurricane Isaac. Under this declaration, the SBA’s Economic Injury Disaster [...]

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Bank cooperative sees huge jump in net income

MBJ Staff — Fri, 03 May 2013 11:28:41 +0000

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT) reports net income for the quarter ended March 31, 2013, totaled $53.8 million, a 57 percent increase from the same period of 2012. The increase was due largely to a $6.4 million increase in noninterest income, combined with a $13.7 million decrease in provision for loan [...]

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County borrowing to buy land from alternative fuels company

Associated Press — Fri, 03 May 2013 00:03:59 +0000

NATCHEZ — Adams County will borrow the $9 million it now needs to buy the former International Paper property from Rentech. County officials announced earlier this week they had reached a deal with Rentech for the 478-acre property. Officials tell the Natchez Democrat the board of supervisors will adopt a resolution to issue bonds for the [...]

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Sign-up for aid for Isaac victims ends this month

MBJ Staff — Thu, 02 May 2013 23:54:43 +0000

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding businesses in Mississippi that working capital loans are still available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations affected by Hurricane Isaac. The deadline is May 30. Economic Injury Disaster Loans up to $2 million are available [...]

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SBA offering disaster loans to tornado victims

Associated Press — Thu, 25 Apr 2013 12:32:42 +0000

NOXUBEE COUNTY — The Small Business Administration is offering disaster loans to residents and business owners in Noxubee County affected by a tornado that severely damaged parts of Shuqualak on April 12. The Mississippi Emergency Management Agency has reported 49 homes and 12 businesses were either destroyed or damaged as a result of the storm. [...]

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Renasant sees post-merger earnings increase

MBJ Staff — Wed, 24 Apr 2013 12:09:21 +0000

TUPELO — Renasant Corporation has released its financial results for the first quarter of 2013. Net income for the first quarter of 2013 was $7,571,000, or basic and diluted earnings per share (EPS) of $0.30, as compared to $5,974,000, or basic and diluted EPS of $0.24, for the first quarter of 2012. “Our strong start [...]

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