» Are you a business impacted by COVID-19? We are open and here to help you get the resources you need.
Mississippi Small Business
Development Center
Transforming Mississippi One Small Business at a Time

I Need Funding and/or Liquidity


Mississippi Back to Business Grant Program

On May 20, 2020 Governor Tate Reeves signed SB2772 into law, establishing the Back to Business Mississippi Grant Program.
The grants will be used to help businesses in Mississippi with 50 or fewer employees recover from the economic impact of COVID-19, including operating expenses and salaries.
The Mississippi Development Authority soon will begin accepting applications on this site from small businesses. Please check back frequesntly for updated or sign up below for email notifcations.

Eligibility Requirements:

  1. Must be a for-profit corporation, limited liability company, a partnership or a sole proprietorship
  2. Was domestic as of March 1, 2020
  3. Is in good standing with the Mississippi Secretary of State, if applicable
  4. Suffered an interruption of business
  5. Has a controlling interest owned by one or more Mississippi residents, whether individual resident citizens or Mississippi domestic business entities
  6. Filed Mississippi taxes for tax year 2018 or 2019, or, for an eligible business formed on or after January 1, 2020, intends to file Mississippi taxes for tax year 2020, unless exempt under Section 27-7-29, Section 27-13-63 or other applicable provision of law
  7. Has customers or employees coming to its physical premises, conducts business on customer premises, or has an owner who is an active participant in the day-to-day operations of the business
  8. Had no more than 50 full-time equivalent (FTE) employees as of March 1, 2020
  9. Is not a subsidiary of a business with more than 50 FTEs; is not part of a larger business enterprise with more than 50 FTEs and is not owned by a business with more than 50 FTEs
  10. Does not exist for the purpose of advancing partisan political activities, does not directly lobby federal or state officials as provided in Sections 5-8-1 through 5-8-23, and has not employed or otherwise worked with a lobbyist as defined in Section 5-8-3 in any way at any point during 2020
  11. Does not derive income from passive investments without active participation in business operations
Please see the link to website for application process: https://www.backtobusinessms.org

If you need more information call our hotline at (662)-510-4890

The Economic Injury Disaster Loan & $10,000 Grant:

To apply for a COVID-19 Economic Injury Disaster Loan, click here.

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.

The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.

Please note that if you applied prior to March 29, 2020, you will need to go through the new streamlined application process to qualify for the $10,000 grant.

The Paycheck Protection Program:

The Paycheck Protection Program  prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.
Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Under this program:
  • Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
  • Loan payments will be deferred for six months.
  • If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used during the covered period and certain other expenses following loan origination.


The U.S. Small Business Administration (SBA) will resume accepting Paycheck Protection Program (PPP) loan applications on Monday, April 27 at 10:30 AM EDT from approved lenders on behalf of any eligible borrower. This will ensure that SBA has properly coded the system to account for changes made by the legislation.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System, or non-bank lending institution that is participating. You should consult with your local lender as to whether it is participating in the program.

To learn more about the Paycheck Protection Program or to download an applicaiton please visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program.

Find a lender near you at https://www.sba.gov/paycheckprotection/find.

For a list of approved lenders, click here.

For more guidance on PPP Loan Forgiveness, click here.

PPP Loan Forgiveness Application, click here.

The SBA Express Bridge Loan:

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.


  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan

Find an Express Bridge Loan Lender by connecting with your local SBA District Office.

The SBA Small Business Debt Relief Program:

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

As of April 2, 2020, SBA has instructed its Servicer/s to NOT apply an ACH debit to the borrower’s account to cover the loan payments due on April 1, 2020 for all 504 loans in regular servicing status.  Under the CARES Act, SBA will pay the principal, interest and any associated fees that are owed on a 504 loan in a regular servicing status to the CSA within 30 days of April 1.  SBA will continue to make these loan payments to the CSA for the 6-month period beginning April 1, 2020. 

Any loan made before March 27, 2020 for which a deferment has been granted will still be eligible to receive the benefit of SBA making the loan payments for a 6-month period.  Under the CARES Act, the 6-month period of SBA payments will begin at the end of the deferment period.  Borrowers may voluntarily decide to end the approved period of deferment early to begin the 6-month period of SBA payments, and CDCs must inform Borrowers that it is their choice to either continue the deferment and begin receiving the SBA payments for 6 months after the period of deferment ends OR end the deferment early to begin receiving the SBA payments. 

Save Small Business Fund

Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers with between 3-20 employees, located in an economically vulnerable area, and are impacted by COVID-19.

See link for more information. https://savesmallbusiness.com/


Mississippi 30 Day Fund:

The non-profit Mississippi 30 Day Fund provides forgivable loans for Mississippi-based small businesses. The forgivable loan is intended to provide immediate financial assistance (within maximum of three days) as small business owners reopen and navigate a new social and economic reality.

See link for more information: https://ms30dayfund.com/

Which SBA loan program is the best fit for my business?

The Mississippi Small Business Development Center is an accredited member of America's Small Business Development Centers and is funded in part through a cooperative agreement with the U.S. Small Business Administration through The University of Mississippi. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA or The University of Mississippi. Reasonable accommodations for persons with disabilities and limited English language proficiency will be made if requested at least two weeks in advance.