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Find similar grantsState Small Business Credit Initiative (SSBCI) is sponsored by Mississippi Development Authority. Provides funding to support small business growth and job creation in Mississippi, including sustainable business practices.
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SSBCI Technical Assistance Program — Mississippi SBDC Network What is SSBCI Technical Assistance? The State Small Business Credit Initiative (SSBCI) Technical Assistance Program, managed by the Mississippi SBDC Network, supports the SSBCI in Mississippi.
This program provides technical assistance to small businesses and startups by offering a range of services, including legal and accounting assistance, training in financial management and guidance in the loan application processes. It focuses on preparing businesses to be credible loan applicants and enhancing their ability to operate successfully.
Mississippi CDFI Small Business Loan Fund The loan participation program, known as the Mississippi CDFI Small Business Loan Fund, has been allocated $45 million to provide funds in the form of a loan to non-depository community development financial institutions to support lending to Mississippi small businesses and startups.
This program aims to increase access to capital for small businesses in Mississippi and promote economic growth and job creation. Small Business Loan Guarantee Program The state allocated $15 million to the Small Business Loan Guarantee Program (SBLGP), which provides access to capital for small businesses by providing loan guaranties to banks and other small business lenders.
The SBLGP encourages lenders to make term loans or provide lines of credit to new or existing small businesses in a difficult credit environment to help with the development, expansion and retention of Mississippi’s small businesses. The InvestMS administered by Innovate Mississippi has been allocated $15 million to provide equity support to small businesses by investing in venture capital funds that support startups.
This program aims to attract and retain high-growth businesses in Mississippi by providing access to the capital they need to grow and create jobs. For more information on the Venture Capital Program, please visit InvestMS for Venture Funds . Direct Investment Program Innovate Mississippi also will be administering the InvestMS for Startups.
This initiative, with an allocation of $11 million, is focused on Pre-Seed, Seed and Series A stage startups. Larger deals can receive up to $3 million with an SSBCI match of up to $1 million, while the remaining funds are allocated for SSBCI deals with a match of up to $500,000.
It’s important to note that Mississippi’s SSBCI Direct Program will not serve as the lead investor and requires a lead investor’s participation in a funding round. For more information on the Direct Investment Program, please visit InvestMS for Startups . Need Assistance with SSBCI Programs?
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Based on current listing details, eligibility includes: Small businesses in Mississippi. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Varies Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
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The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.
Small Business Innovation Research and Small Business Technology Transfer Programs Phase I is sponsored by U.S. Department of Agriculture (USDA) National Institute of Food and Agriculture (NIFA). The USDA SBIR/STTR programs support small businesses in creating innovative, disruptive technologies with commercial potential or societal benefit, including projects dealing with agriculturally-related manufacturing and alternative and renewable energy technologies. Specialty tubing could be relevant for agricultural equipment or renewable energy systems.