MDA Airport Revitalization Loan Program Guidelines Change

Courtesy of the Mississippi Development Authority

There are two guideline changes that have been made to the Mississippi Airport Revitalization Revolving Loan Program, effective immediately. The changes are:

  • The maximum loan amount has been increased from $750,000 to $1,000,000.
  • The fixed interest rate on a loan has been decreased from 3% to 1%.

This loan program is designed to provide loans to county or municipal airports for the construction and/or improvement of facilities in the state.

A copy of the guidelines for the loan program may be viewed HERE.

If you have any questions, contact Chuck Mobley with the Mississippi Development Authority at 601-359-2335 or cmobley@mississippi.org.