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Tag Archives: loan

SBA grants disaster declaration request; opening center

Folks who are being impacted by the recent storms and subsequent flooding are being offered assistance. Residents and businesses in Southwest Mississippi affected by severe weather and flooding that occurred on March 28–29 can apply for low-interest disaster loans from the U.S. Small Business Administration, SBA Administrator Maria Contreras-Sweet announced. Contreras-Sweet made the loans available in response to a letter ...

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Deadline approaches for aid to victims of last year's flooding

ALCORN COUNTY and TISHOMINGO COUNTY — 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 April 28 is the filing deadline for federal economic injury disaster loans. These loans are available in Alcorn and Tishomingo counties in Mississippi as a result of excessive ...

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KiOR borrows $25M; avoids defaulting on loan

COLUMBUS — Alternative-fuel maker KiOR Inc. has borrowed enough money to keep operating through August. The Pasadena, Texas, company, which has a $225-million plant in Columbus, had warned last month that it had to raise more money for research and plant improvements. KiOR, in a stock filing today, said it had completed a deal to borrow $25 million from an ...

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State to borrow $230M for building, economic development

JACKSON — Lt. Gov. Tate Reeves says Mississippi lawmakers have agreed to borrow about $230 million for construction and economic development projects. Saturday was the deadline for House and Senate lawmakers to agree on new bonds. The full House and Senate must still pass the bills and send them to Republican Gov. Phil Bryant. Plans call for $92.8 million for ...

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Watkins' defense says Hosemann's claims are 'absurd'

David Watkins, the president of Watkins Development, has responded to the finding of the Secretary of State Office’s hearing officer, attorney Robert Bailess of Vicksburg, and the affirmation of that finding by Secretary of State Delbert Hosemann. Speaking through his spokesperson, lawyer Lance Stevens, the Watkins defense team states: “The finding of the hearing officer is a joke. He specifically ...

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House members add more than $61m to Senate's bill

JACKSON — Mississippi lawmakers are moving toward negotiations on state borrowing in the 2015 budget year. House members yesterday added $61.2 million before passing Senate Bill 2975. Representatives are seeking $30 million to allow the North Central Mississippi Regional Rail Authority to buy a rail line, $20 million to aid Tupelo’s Cooper Tire and Rubber Co. plant, $5 million to ...

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Report: State could afford to borrow $1.8B over next five years

JACKSON — Mississippi could borrow $1.8 billion to use for new buildings, highways and economic development incentives over the next five years and rising state revenue probably could support that amount of borrowing, a report by Treasurer Lynn Fitch suggests. The Republican state treasurer compiled a debt-affordability study after agencies that rate Mississippi’s bonds said the state needed a roadmap ...

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Disaster loan deadline nears for victim's of last year's freeze

ACROSS 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 March 31 is the filing deadline for federal economic injury disaster loans in Mississippi as a result of the freeze on March 25–29, 2013. The loans are available in the following ...

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Wholesale bank reports record earnings — again

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale bank that provides funding for rural retail lenders, has released preliminary unaudited financial highlights and results for the year ended Dec. 31, 2013, reporting record earnings for the eighth consecutive year. The Austin-based bank reported $179.8 million in net income in 2013, a 3.0 percent increase over its 2012 ...

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Trustmark Corp. sees gain in quarterly profit

JACKSON — Regional bank Trustmark Corp. says profit in 2013’s fourth quarter rose 1 percent from the same three months of 2012, as the company worked to increase efficiency after its takeover of the former BancTrust Financial Group. Trustmark posted quarterly profit yesterday of $28 million, or 42 cents per share. That compares to $27.7 million, or 43 cents per ...

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