Areas Served: Hampden County, city of Fall River
The Fall River Office of Economic Development (FROED) offers Fall River businesses (Hampden County, city of Fall River) low-interest financing through its new FROED “50” Fund.
This innovative loan program provides 100% financing opportunities to startup ventures and existing small businesses.
FROED “50” Facts – Interest rate is fixed at prime with a 5% minimum* – Loan term is up to 7 years – Loan may fund 100% of total project cost – Maximum loan amount is $50,000 – Origination fee is 1.5% – Collateral required Eligibility Criteria – Fall River business (startup, relocation or expansion of existing facility) – Creation of one new full-time job (or part-time equivalent) for each $25,000 of assistance
Contact InformationFall River Office of Economic Development
Address: One Government Center
City: Fall River
State: Massachusetts
Website:
http://froed.org/?page_id=224
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