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)affordable financing through an in-house Microloan Fund.
This innovative financing tool targets startup ventures and existing small businesses that cannot otherwise obtain conventional financing.
Microloan Facts – Interest rate is fixed – Loan term is up to 6 years – Loan may fund total project cost – Maximum loan amount is $50,000 – Collateral required Eligibility Criteria – Fall River business (startup, relocation or expansion of existing business) – Fewer than 500 employees – Less than $3.5 million in revenues
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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