The Massachusetts Growth Capital Corporation, a state government supported lending agency that serves small businesses, just announced a "winter storms relief" program. The total amount available for lending in this program is one million dollars. Any small business that has lost working capital revenues due to the recent extreme winter weather can apply for a loan of from $5,000 up to $10,000. The loans carry interest at the rate of 5% annually, would have to be repaid in three years with the first installment due in six months, and have no penalty for early repayment. Application materials should be available later this week (March 3-7). If you have any questions or need assistance pursuing one of these loans, please don't hesitate to contact me at 617-872-8648.
http://www.bostonherald.com/business/business_markets/2015/02/loan_fund_ok_d_for_small_biz_hurt_by_storms
APPLICATION MATERIALS ARE NOW AVAILABLE at http://www.mcdfc.com/about/article/application-storm-loan-fund
http://www.bostonherald.com/business/business_markets/2015/02/loan_fund_ok_d_for_small_biz_hurt_by_storms
APPLICATION MATERIALS ARE NOW AVAILABLE at http://www.mcdfc.com/about/article/application-storm-loan-fund