ECPDD revolving loan fund program available
Wednesday, November 7, 2012 12:00 AM
East Central Planning and Development District (ECPDD) makes commercial loans to new and expanding businesses and industries within the District.
This Revolving Loan Fund program serves Clarke, Jasper, Kemper, Lauderdale, Leake, Neshoba, Newton, Scott and Smith counties.
The purpose of the revolving loan funds is to create private sector job opportunities and support economic development by helping finance local commercial projects.
ECPDD established and built up its Revolving Loan Fund program over several years with assistance from its member counties, the Economic Development Administration, the Appalachian Regional Commission, Rural Development Administration and the State of Mississippi.
To date, over 100 loans totaling over $13 million have resulted in the creation or retention of approximately 1,200 jobs.
Eligibility requirements and terms vary by program.
Potential borrowers are encouraged to contact ECPDD at 601-683-2007.