Areas Served: City of Boston
The Boston Local Development Corporation (BLDC) is a private 501(c)(3) non-profit Corporation administered by staff of the Boston Planning and Development Agency of the City of Boston, Massachusetts.
The BLDC provides loans of up to $150,000 for businesses in, or relocating to, the City of Boston.
These loans can be used when buying a new business property, purchasing equipment and machinery, constructing an addition to an existing plant, making leasehold improvements or providing working capital to grow your business.
The BLDC actively pursues loan participations with local banks.
By providing subordinated debt, the BLDC helps small businesses and Boston’s banking community come together.
The BLDC also administers the Back Streets Back-up Loan Program.
In recognition of the need to preserve commercial, industrial and manufacturing businesses in the City of Boston, Mayor Menino has established the BackStreets Program.
As a prime component of this strategy, the Mayor has appropriated $1,000,000 in funding for this loan program.
These loans are only available for companies in the industrial and manufacturing sectors and have flexible terms and conditions based on need.
Contact InformationBoston Local Development Corporation
Address: 22 Drydock Ave
City: Boston
State: Massachusetts
Website:
https://www.bostonbusinessloans.org/bldc/
Leave a Reply