Areas Served: City of Springfield
The Grow Springfield Fund provides business loan funds for businesses in Springfield, Massachusetts.
Details: – Loans can be made to eligible businesses located within the City of Springfield.
– Long term financing and Low Equity Requirements available – Loans range from $50,000 to $250,000 – Criteria is flexible and loans are tailored to the individual borrower – Typical loan terms depend on the type of project and can be anywhere from 3 to 25 years.
– Ideally, the Grow Springfield Fund will look to finance healthy for-profit businesses that have the ability to create jobs and need to expand to fulfill their full growth potential.
Generally, the fund is not intended nor tailored for start-up businesses, but rather for existing businesses seeking to expand or grow.
Contact InformationCity of Springfield, Massachusetts
Address: 70 Tapley Street
City: Springfield
State: Massachusetts
Website:
http://www.springfield-ma.gov/planning/233.0.html
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