Areas Served: City of Lynn, Massachusetts The Micro Loan Program is funded through monies borrowed from the US Small Business Administration for businesses in Lynn Massachusetts. Over 45 loans have been made since the inception of the program. Under EDIC/Lynn regulations, the loan interest rate is fixed at 4.5%. The program is targeted to entrepreneurs
Read MoreAreas Served: City of Lynn Massachusetts Partnership between the EDIC and the US Department of Commerce, Economic Development Administration, the EDA Loan Program is targeted towards the more mature, established companies in the City of Lynn, Massachusetts. Over $25 million in private capital leveraged since the program’s inception in the early 1980’s. Eligibility: – Business
Read MoreAreas Served: Middlesex & Worchester Counties For over 20 years The North Central Massachusetts Development Corporation (NCMDC) has been providing financing to local businesses throughout the region. Representing the 26 communities of the region as well as the five chambers of commerce, the NCMDC offers local business owners and entrepreneurs access to a variety of
Read MoreAreas Served: Barnstable, Bristol, Dukes, Middlesex, Nantucket, Norfolk, Plymouth and Suffolk counties SEED established the Revolving Loan Fund with grants from the U.S. Economic Development Administration (EDA) and the State of Massachusetts. Since 1984 SEED has received a total of $4 million in grants to provide gap financing to small businesses in Barnstable, Bristol, Dukes,
Read MoreAreas Served: Norfolk & Suffolk Counties The Small Business Assistance Program was established in 1992 utilizing resources from Acción to service our clients. In 1995 The Dorchester Bay Neighborhood Loan Fund was created to help stabilize the business community by assisting local entrepreneurs in preserving and expanding their businesses. We provide technical assistance, micro-loans and
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