Posts Tagged ‘loan’

Renasant sees rise in post-M&F merger profits

TUPELO — Renasant Corp. says profit in 2013′s fourth quarter rose 55 percent in the first reporting period following its takeover of First M&F Corp. Yesterday, Renasant posted quarterly profit of $11.3 million, or 36 cents per share. That’s up from $7.3 million, or 29 cents per share, in 2012′s fourth quarter. Because the period […] [...]

SBA disaster loans available due to 2013 drought

ACROSS MISSISSIPPI — The U.S. Small Business Administration’s federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in Mississippi as a result of drought between Aug. 27 and Oct. 21, 2013. The disaster declaration includes Attala, Bolivar, […] [...]

State reaches $7M settlement with Ocwen

JACKSON — Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1-billion joint state-federal settlement with Attorney General Jim Hood, 48 additional state attorneys general and the District of Columbia as well as the Consumer Financial Protection Bureau (CFPB). The settlement terms address servicing misconduct by Ocwen, and two […] [...]

SBA disaster loans available for storm victims

ACROSS MISSISSIPPI — The U.S. Small Business Administration is reminding business owners 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 the severe storms and tornadoes on April 11-12, 2013. Economic Injury Disaster Loans (EIDLs) up to […] [...]

County to borrow $24M for wood pellet terminal at port

PASCAGOULA — Jackson County supervisors have voted to borrow $24 million for the Port of Pascagoula’s wood pellet exporting terminal. The Mississippi Press reports that the board of supervisors acted yesterday after no one showed up for a public hearing. The terminal will handle wood pellets from a plant that is supposed to be built […] [...]

Power plant lands $181M loan from USDA

BATESVILLE — The U. S. Department of Agriculture is providing a loan for work at an electric power generation facility in Panola County. The federal agency Friday announced in a news release that it is providing $181 million to the South Mississippi Electric Power Association. The money will be used to purchase two natural gas-fired […] [...]

SBA approves new Community Advantage lender

GULFPORT – The U.S. Small Business Administration (SBA) has approved Gulf Coast Renaissance Corporation (GCRC) as a lender in the Community Advantage Loan program. “This will provide the much needed financing to small businesses in underserved communities in Mississippi to help in their development and growth,” said Janita R. Stewart, district director of the SBA […] [...]

County buys land in industrial park with RDA loan

COLUMBUS — Lowndes County will spend $5.5 million on three tracts of land at the GTR Global Industrial Aerospace Park. County administrator Ralph Billingsley tells The Commercial Dispatch that the county is using money borrowed from the Rural Development Authority in 2011. Billingsley says the county initially borrowed $13 million from the RDA to finance […] [...]

City to take out loan in anticipation of tax collections

NATCHEZ — The Natchez Board of Aldermen voted to take out up to $600,000 in tax-anticipation loan funds to cover mainly payroll expenses until expected tax revenue is collected. The Natchez Democrat reports City Clerk Donnie Holloway told the board yesterday the city needs the funding because the city is currently paying two health insurance […] [...]

Port asks county to borrow for wood pellet facility

PASCAGOULA — The Port of Pascagoula is asking Jackson County to borrow up to $24 million for wood pellet exporting facility. The Port of Pascagoula is preparing a Bayou Casotte berth for a specialized wood pellet exporting facility. The export facility will have silos, an unloading facility for trucks and rail cars and a conveyor […] [...]

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