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SSBCI Mississippi — Small Business Credit Initiative

SSBCI Mississippi — Small Business Credit Initiative

Provides Mississippi firms with federal-backed loans, guarantees, and equity to expand credit access for startups and growth companies.

OpenMississippi Development AuthorityUnited States

Mississippi's State Small Business Credit Initiative (SSBCI) allocation is approximately $86 million drawn from the American Rescue Plan Act of 2021, administered by the Mississippi Development Authority (MDA) to expand small business credit access and promote equitable economic recovery. The program operates through five sub-programs with distinct structures and administrators: the Mississippi CD

Deploys approximately $86 million in federal SSBCI capital across loans, loan guarantees, and equity investments to expand credit access for Mississippi small businesses and startups.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.
Project durationiHow long the funded work is expected to run.
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.$11M

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Last verified: 22 Jul 2026Source: mississippi.org