Commercial Lending for Mississippi Businesses
Prince Security, Biloxi, MS
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NP On Call Medical Clinic, Gulfport, MS
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L & M Laundry Mat, Pass Christian, MS
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ACT NOW! As a part of the CARES Act, SBA is authorized to pay 6 months of principal, interest, and any associated fees that borrowers owe for Microloans reported in regular servicing status (excluding PPP loans). This debt relief to borrowers is dependent on the loan being fully disbursed prior to September 27, 2020.
Business Lending
Renaissance Community Loan Fund extends credit to start-ups, as well as to established businesses through its Commercial Lending Program. We will work with you to tailor a loan to meet your specific needs to assist you in establishing or expanding your successful business.
Purpose: To provide financing to businesses for working capital needs, equipment financing, leasehold improvements and real estate financing.
Target Area: State of Mississippi
Loan Terms:
Interest Rate: Varies depending on market rates, risk, and loan term. May be fixed or variable.
Other Services: Technical Assistance Services are provided to business owners regarding loan structure, loan application preparation and guidance for writing a business plan. We will also work with any existing provider of technical assistance.
For more information, please contact Meredith Osborne at 228-896-3386 ext. 120 or John-Michael Marlin at 662-269-8999 ext. 125 or email us at businessloans@rclfms.com
Purpose: To provide financing to businesses for working capital needs, equipment financing, leasehold improvements and real estate financing.
Target Area: State of Mississippi
Loan Terms:
- Working Capital, Equipment Financing and Leasehold Improvements tailored towards your business needs
- Real Estate: Amortized/fixed rates up to 20 years
Interest Rate: Varies depending on market rates, risk, and loan term. May be fixed or variable.
Other Services: Technical Assistance Services are provided to business owners regarding loan structure, loan application preparation and guidance for writing a business plan. We will also work with any existing provider of technical assistance.
For more information, please contact Meredith Osborne at 228-896-3386 ext. 120 or John-Michael Marlin at 662-269-8999 ext. 125 or email us at businessloans@rclfms.com
SBA Microloans
Up to $50,000 Loan Amount. Up to 72 month. Interest Rates starting at 4.5%.
Purpose:
- Business Start-Up
- Working Capital
- Refinance Debt
- Leasehold Improvements
- Gap Financing
- Equipment Purchases
Business Resources
The Dangers of E-Lenders
For a printable/fillable version of the Business Intake Form, click here.
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