The Mississippi Small Business Disaster Bridge Loan Program is now closed. For more information on other assistance programs, call 601.359.3449

Over $12.3 Million Approved For Small Businesses Through Loan Program

Nearly 600 applications received

More than $12.3 million has been loaned to qualifying businesses through the Mississippi Small Business Disaster Bridge Loan Program, including more than 500 small businesses in hurricane-ravaged areas of the state.

The Mississippi Small Business Disaster Bridge Loan Program was initiated to assist small businesses in the most heavily impacted storm areas that experienced difficulties as a result of Hurricane Katrina’s physical damage to their businesses. The loans are meant to help bridge the time until insurance claims are paid or other disaster relief funds or financial assistance is acquired.

The Mississippi Small Business Disaster Bridge Loan Program has been one of the state’s key initiatives to help damaged businesses get up and running faster after Hurricane Katrina,” said Howard McMillan, former president of Deposit Guaranty National Bank who is assisting Mississippi Development Authority with the program. “Working with banks across the region, we were able to target business owners who needed help the most. We want to thank those local financial institutions for helping make the program a success.”

The 180-day, no-interest loans were available to small businesses in the following counties: Covington, Forrest, George, Hancock, Harrison, Jackson, Jefferson Davis, Jones, Lamar, Marion, Pearl River, Stone and Walthall.