Loan Fund Details:
- Open to Massachusetts-based businesses impacted by COVID-19 with under 50 full and part-time employees, including nonprofits (a negative financial impact must be verifiable).
- Loans are available immediately and with no payments due for the first 6 months, then 30-months of principal and interest payments and no prepayment penalties
- Businesses can apply for loans up to $75,000.
The recovery loan fund program will be administered by Massachusetts Growth Capital Corporation (MGCC). Your application will be made with MGCC. To submit an application for the MGCC fund, please complete the 2020 Small Business Recovery Loan Fund Application (Word Document)form.