Let’s say an entrepreneur has reasonable cash flow yet lacks significant assets to garner a traditional bank loan without collateral.
The advent of the long-awaited presence of an active Small Business Investment Company (SBIC) license in Mississippi will soon provide entrepreneurs with other funding options via a windfall of capital for small businesses.
The Truman Fund, launched by Ridgeland-based Twain Private Credit, may partner with banks to provide an uncollateralized mezzanine-type loan or provide funding for the entirety of the loan.