Rule 6-11-3.4 - Qualified BorrowersA. Mississippi new or existing small businesses with up to 250 employees and less than $7,000,000 in gross revenues or $1,000,000 in profit after taxes -The company must be financially sound, present evidence that it can repay the debt, and must not have defaulted on any previous loan from the state or federal government.B. Governmental Entities and Economic Development Organization, when the financing is for a "business purpose" - including, but not limited to, local units of government, institutions of higher learning, ports, airports, public-private partnerships, and public, local economic development entities. Miss. Code Ann. § 57-119-1, et seq.