2024-05-15T18:43:32-04:00 2023-06-30 640683836 COLLINS BARR & HEMBREE LTD 130 FOUNTAINS BLVD STE 100 MADISON MS 391106343 990 2022-07-01 640679132 MISSISSIPPI BUSINESS FINANCE CORPORATION MISS 6013556232 735 RIVERSIDE DRIVE SUITE 300 JACKSON MS 39202 LARRY W MOBLEY EXECUTIVE DIRECTOR 6013556232 2024-05-15 true LARRY W MOBLEY XXX-XX-XXXX true J ROBERT BARR III CPA P00282856 6017077536 2024-05-15 2022 2023-04-26 12:10:37Z LARRY W MOBLEY 735 RIVERSIDE DRIVE SUITE 300 JACKSON MS 39202 1216373 false X WWW.MSBUSINESSFINANCE.COM X 1983 MS MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF MISSISSIPPI. 9 9 5 0 0 468813 942312 -718588 -25939 486181 300000 236406 1216373 0 0 619537 495417 0 0 258651 278223 878188 773640 -641782 442733 17634207 18180166 1653175 1756401 15981032 16423765 MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF MISSISSIPPI. false false 575907 942312 MAKING LOANS TO QUALIFIED SMALL BUSINESSES TO STIMULATE, PROMOTE & DEVELOP, AND ADVANCE SMALL BUSINESS ACTIVITY IN THE STATE OF MISSISSIPPI. 575907 false false false false false false false true false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false true 5 0 true 5 true false false false false false false false false false false false false false false X 9 9 false false false false true true false true true false false false false false true false false false X LARRY W MOBLEY 6013556232 735 RIVERSIDE DRIVE STE 300 JACKSON MS 39202 LARRY W MOBLEY EXECUTIVE DI 40.00 X 178280 0 41260 DEBBIE W MCCOLLUM SECRETARY 40.00 X 84884 0 23675 MICHAEL BOERNER DIRECTOR X 0 0 0 CAROLYN BOTELER DIRECTOR X 0 0 0 NOEL DANIELS DIRECTOR X 0 0 0 MERLE FLOWERS DIRECTOR X 0 0 0 BOBBY JAMES DIRECTOR X 0 0 0 COLBY JORDAN DIRECTOR X 0 0 0 WILLIAM L FREEMAN JR VICE PRESIDE X X 0 0 0 WILLIAM D SONES PRESIDENT/DI X X 0 0 0 MARK WIGGINS DIRECTOR X 0 0 0 263164 64935 1 false true false IRB FEES 940000 940000 SED FEES 1331 1331 OTHER 981 981 942312 -25939 -25939 ADMINISTRATIVE FEES 522200 300000 300000 300000 1216373 1216373 328099 246074 82025 54546 40910 13636 89872 67404 22468 22900 17175 5725 100000 100000 17354 17354 43219 32414 10805 12670 9502 3168 906 679 227 14838 11128 3710 17265 12949 4316 INVESTMENT & CUSTODIAL FE 21743 21743 PERSONAL SERVICE CONTRACT 14087 10565 3522 MISCELLANEOUS 7973 5980 1993 MARKETING 7910 5933 1977 20258 15194 5064 773640 575907 197733 0 807652 876724 89900 12500 157397 98045 59352 16480139 16941909 256516 289681 17634207 18180166 77840 77426 1575335 1678975 1653175 1756401 X 15981032 16423765 15981032 16423765 17634207 18180166 442733 X false true X false false true 715000 350000 365000 false 157397 98045 59352 59352 NET PENSION LIABILITY 1646692 NET OPEB LIABILITY 16761 DEFERRED INFLOWS - OPEB 10522 ALLOWANCE FOR GUARANTY LOSSES 5000 1678975 1216373 1216373 1216373 773640 773640 773640 SCHEDULE D, PAGE 2, PART IV, LINE 1B MBFC ADMINISTERS THE SMALL ENTERPRISE DEVELOPMENT PROGRAM (SED LOANS) FOR THE STATE OF MISSISSIPPI. IN THAT CAPACITY, MBFC IS AUTHORIZED BY STATE STATUTES TO REQUEST THE STATE BOND COMMISSION TO ISSUE GENERAL OBLIGATION BONDS. BOND PROCEEDS ARE LOANED TO MANUFACTURING OR PROCESSING COMPANIES WITHIN THE STATE TO FINANCE THE COST OF FIXED ASSETS, INCLUDING LAND, BUILDINGS, MACHINERY AND NEW EQUIPMENT. THE BONDS ARE SECURED BY AN IRREVOCABLE, DIRECT-PAY LETTER OF CREDIT OR OTHER CREDIT ENHANCEMENT ACCEPTABLE TO MBFC. THE FINANCIAL STATEMENT BALANCES RELATED TO THE SED LOAN PROGRAM ARE NOT INCLUDED IN THE CORPORATION'S FINANCIAL STATEMENTS. THE AMOUNTS ARE RECORDED IN THE FINANCIAL STATEMENTS OF THE STATE OF MISSISSIPPI. X false false false false false false false false false LARRY W MOBLEY EXECUTIVE DIRECTOR 178280 41260 219540 FORM 990, PAGE 6, PART VI, LINE 6 MBFC HAS A MEMBERSHIP OF 24 REPRESENTATIVES FROM THE PUBLIC AND PRIVATE SECTORS. THE MEMBERSHIP IS APPOINTED BY VARIOUS STATE ELECTED OFFICIALS. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF MBFC EACH YEAR AT THE ANNUAL MEETING OF THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 19 A REQUEST FOR PUBLIC RECORDS WOULD BE COMPLETED. THE REQUEST IS REVIEWED BY LEGAL COUNSEL AND APPROVED BY THE EXECUTIVE DIRECTOR. MISSISSIPPI DEVELOPMENT BANK 735 RIVERSIDE DRIVE SUITE 300 JACKSON MS 39202 640848675 FINANCING MS NA false false false false false false false false false false false false false false true true false true false false