Businesses that were forced to reduce services or close for a period of time due to COVID-19 can apply for up to $25,000 through the Back to Business Mississippi Grant Program1. The grant does not have to be paid back. It covers eligible expenses as established by the CARES Act, including mortgage interest, rent, payroll, utilities and other COVID-19-related expenses.
To qualify, a business must:
All required documentation must be provided in the online application. Depending on whether your business is a corporation, LLC, partnership or sole proprietorship, these may include any of the following:
Businesses that already received a $2,000 grant from the Mississippi Department of Revenue may still apply for the program. Those that received federal money5 for COVID-19 losses may also still apply, but these applications will not be considered during the first 21 days of the program.
Please contact Bridgforth R. Rutledge, Baxter Geddie or any other member of Phelps’ Business team if you have questions or need compliance advice and guidance. For more information related to COVID-19, please also see Phelps’ COVID-19: Client Resource Portal.
 Unless exempt under Miss. Code Ann. §§ 27-7-29 or 27-13-63, or other applicable law
 As provided in Miss. Code Ann. § 5-8-1 through 5-8-23
 As defined in Miss. Code Ann. § 5-8-3
 From the U.S. Small Business Administration Guaranty Paycheck Protection Program or the U.S. Small Business Administration Economic Injury Disaster Loan Emergency Advance