Copiah   County Has a lot to offer new and expanding industry. All the resources you need to build your business can be found right here. From start-up to the largest expansion, local and state authorities work together. Here are just a few examples.                                 LOANS Mississippi Revenue Bond Act Finances land, buildings, fixtures, machinery and equipment. Amortizes up to 120 % of useful life of financed assets not to exceed 30 years. Backed by corporate guaranty. Tax-exempt for manufacturing projects only. Maximum tax exempt principal; $10 Million. Revolving Loan Program Business Development Loans Finances Machinery, equipment, land and buildings. Terms negotiated between applicant and lender. Small Business Administration (SBA) Loans Finances Working Capital, inventory, machinery, equipment, land and buildings. Maximum loan length is 25 years. Backed by SBA. Economic Development Administration Business Development Assistance Finances machinery, equipment, land, buildings and infrastructure. Both Grants and Loans available. Guarantees limited to 80% of loan. Farmers Home Business and Industrial Loan Guarantees Finances working capital, machinery, equipment, buildings, land and infrastructure. Interest rates negotiable between lender and borrower. Minimum equity to be provided by applicant ranges from 10 to 25 percent. Up to 90% loan guarantee reimbursement. Ms. Small Enterprise Development Finance Act Finances fixed assets including land, buildings and long lived machinery. Maximum loan $1 million. Maximum long term 20 years. Minority Business Enterprises Loan Program Finances all project costs associated with the development or expansion of small minority business. Must be a resident of Mississippi and be 100% minority owned. Maximum loan $250,000. Mississippi Farm Reform Act Maximum interest loan is $50,000. Maximum interest rate is 4% per annum above the New York prie rate. Repayment of interest loan deferred for five years or maurity of crop whichever is less. Mississippi Business Investment Act Finances land, buildings and infrastructure. Low-Interest loans available. General Obligation Bonds Finances land, buildings and fixtures. Low interest rates. Mississippi Loan Guaranty Program Guarantees financing of working capital, machinery, equipment, land, buildings and infrastructure. Amortized over 20 years. Maximum loan $500,000. Industrial Development Revenue Bond Program Finances land, buildings, machinery, equipment and capital interest. Interest rates are similar to those of Industrial Revenue Bonds. Small Business Investment Companies Finances working capital, machinery, equipment, land, buildings and infrastructure. Interest rates vary according to the type of financing.