Rethinking the rules. Reworking the formula. Knocking down walls. Finding new paths.
The Capital Improvements Revolving Loan Program provides loans to municipalities and counties for the improvement of public facilities and infrastructure to assist with business locations and expansions with community based projects.
Eligible projects include:
• Land improvements
• Drainage systems
• Sewer systems
• Roads, bridges, rail spurs
• Buildings
• Water supply systems (storage, treatment, and distribution)
Program Facts
County and municipal governmental authorities in Mississippi may apply for loans under this program.
Industries that are eligible under this program include:
• Manufacturers
• Warehouses and distribution centers
• Research and development facilities
• Hospitals
• Telecommunications and data processing facilities
• National or regional headquarters
Loan Terms
Loans made under the Capital Improvements Revolving Loan Program may be made for a maximum of twenty years, in amounts not to exceed $1,000,000 per project. The annual interest rate on these loans is 3% for taxable activities and 2% for tax-exempt activities.
For further details, see Section 57-1-301, MS Code 1972, Annotated.
The following documents are available for download:
Word documents
Excel documents
PDF documents
Program Guidelines
CAP Sign Policy
CAP Sign Template
For more information contact:
Community Services Division
Telephone: 601.359.3179
Fax: 601.359.3108
Hearing Impaired may contact us at 601-359-3119 (TTY)
community@mississippi.org
