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Tag Archives: SBA

ITS A DEAL — Small business lending in the state is on the rise, including Mississippi’s first SBA microlender


By BECKY GILLETTE While the recovery from the recession has taken longer than hoped, increases in U.S. Small Business Administration loans in the state are a sign the economy of Mississippi is on the upswing. Through the third quarter of the federal fiscal year, the SBA Mississippi District saw loans surpass $100 million, representing an increase in lending to small ...

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SBA event offers business owners, entrepreneurs sit down time with lenders


By TED CARTER Small-business owners and prospective entrepreneurs can meet face to face with more than two dozen lenders, including Mississippi’s major banks, on Aug. 11. The Small Business Administration Mississippi District Office and FDIC are co-sponsoring the Meet the Lenders: “A Small Business Borrower/Lender Match-Making Event” from 9 a.m. to 1 p.m. at Hinds Community College’s Clyde Muse Center in ...

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Mississippi US SBA district office kicked off its 2015 Emerging Leaders

In April, the Mississippi U. S. Small Business Administration (SBA) District Office kicked off its Emerging Leaders training at the JSU e-Center in Jackson. In the class are Bill Griffiths, President of RBG Contractors Inc.; Calvin Ousby, Sr., President/CEO of C&B Enterprise, Inc.; Carolyn Cockrell, President/CEO of Premiere Shredding Inc.; Earl Washington, President/CEO of U.S. Coating Specialties & Supplies; James ...

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A Q&A with the SBA

(Q) Media reports and some surveys in the last six months say it seems business lending is resurgent in most parts of the country.  Would you say that is true for Mississippi small business lending? (A) Yes, there has been a resurgence for small business lending as a whole. Lending in Mississippi thus far this Fiscal Year (October 2013 through ...

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For SBA fixed-asset lending, think 504

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 planning entities: The Central Mississippi ...

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SBA disaster loan application deadline is Monday for Tupelo, Louisville

Disaster Loan Outreach Centers in Louisville and Tupelo will cease operations at the close of business Monday, the U.S. Small Business Administration said in a news release today. Monday is also the final day to file an SBA Disaster loan application, including homeowners, renters and businesses of all sizes for physical damage caused by severe storms, tornadoes and flooding that ...

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SBA, AARP to present entrepreneur business forum on Gulf Coast

The Small Business Administration’s Mississippi District Office and Mississippi AARP will host an Encore Entrepreneur Business Forum from 1 to 4:30 p.m. on April 17 at the Westside Community Center, 4006 8th St. in Gulfport. The free event is targeted at entrepreneurs 50 and over to provide these “encore entrepreneurs” with resources to start or grow a small business. The ...

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SBA guaranty loan amounts surpass pre-recession levels

Business lending in Mississippi backed by the U.S. Small Business Administration ended the year in amounts higher than pre-recession 2007, the SBA reports. The agency backed more loans in 2007 — 623 — but the amount of those loans totaled $107 million, compared to fiscal 2012‘s $132.4 million. The SBA guaranteed 442 loans in the fiscal year that ended Sept. ...

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SBA extending direct loans to coastal businesses, residents in wake of Isaac

  Hurricane Isaac’s late August battering of the Mississippi coast has left an estimated 1,500 businesses eligibility for low-cost federal disaster recovery loans administered by the U.S. Small Business Administration. In addition to disaster assistance applications from 1,558 businesses that claim at least some property damage, another 27 businesses that had no physical damage but claim economic injuries have applied ...

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