Financial Capacity Building and Technical Assistance
| Organization Name | Resource Description |
|---|---|
| BDC Community Capital Corporation | Not-for-profit, U.S. Treasury-certified, community development finance institution (CDFI) that provides capital, education, and technical assistance to minority-owned businesses and to businesses that impact low to moderate income employment opportunities throughout New England. |
| Office of the State Treasurer - Small Business Banking Partnership | The Treasurer's office launched the Small Business Banking Partnership on May 5, 2011. This initiative moves at least $100 million in state deposits to qualified community banks for loans to small, creditworthy businesses. The capital is intended for small businesses to expand and create new jobs. Review the list of participating banks in the Small Business Banking Partnership. |
| Massachusetts Growth Capital Corporation (MGCC) | MGCC partners with local banks and lending institutions, community development corporations, and other nonprofit organizations to finance projects that support jobs and economic development throughout the Commonwealth. MGCC offers funding programs such as small business lending, microloans, and a grant match program for non-profit community-based lenders, plus a detailed small business resource guide. |
| MassDevelopment | MassDevelopment offers financing and real estate solutions to support companies and nonprofits, increase housing, eliminate blight, and drive economic growth across Massachusetts. Types of financing offered include bond financing, loans & guarantees, tax credits, and grants. |
| MassVentures Venture Capital Investments | MassVentures is the Commonwealth’s strategic venture capital team and supports early-stage deep tech companies through investment and technical assistance. |
| SBA 7A Loans | The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them to provide financial help for small businesses with special requirements. The maximum loan amount for a 7(a) loan is $5 million. Key eligibility factors are based on what the business does to receive its income, its credit history, and where the business operates. Your lender will help you figure out which type of loan is best suited for your needs. |
| U.S. Small Business Administration – Funding Programs | Find SBA-approved funding to start or grow your business. Use Lender Match to find lenders that offer loans for your business, connect with an SBA-licensed Small Business Investment Company, and more. |
Non-Financial Capacity Building and Technical Assistance
| Organization Name | Resource Description |
|---|---|
| Commonwealth Corporation | Quasi-public workforce development agency that invests in innovative partnerships with industry, education, and workforce organizations. |
| Division of Banks (DOB) | The Division of Banks (DOB) regulates Massachusetts state-chartered banks and credit unions. The DOB has put together resources and tips to use when deciding on a financial institution, account, product, or service. Visit their website to learn more about banks and credit unions and find resources to help you pick a financial institution, product, service, or account. |
| Executive Office of Economic Development (EOED) | The Executive Office of Economic Development assists businesses and communities with tools and financing. Learn about programs and grants offered by the EOED and its agencies. |
| Lawyers for Civil Rights | Provides free legal assistance, business support, and technical assistance to minority, immigrant, and women business owners. To seek assistance or inquire about services offered, please contact Bizgrow@lawyersforcivilrights.org |
| Massachusetts Office of Business Development Center Network (MOBD) | The Massachusetts Office of Business Development assists businesses relocating to Massachusetts as well as businesses wishing to expand their current operations, with specific attention being paid to jobs created, jobs retained, and capital invested. To request assistance, contact an MOBD regional director. |
| Massachusetts Office of Refugees and Immigrants | ORI supports services that meet the cultural and linguistic needs of refugees and immigrants through a network of service providers in Massachusetts. |
| Massachusetts Small Business Development Center Network (MSBDC) | The MSBDC provides no-cost and confidential one-to-one business advice to prospective and existing small businesses in the areas of business advisory services, international trade assistance, and government contracting. |
| MIRA Coalition | Rooted in the value of inclusion, MIRA Coalition’s vision is a Commonwealth – and a nation – where all can thrive, no matter where they came from or how they got here, and all can fully participate in their community’s social, economic, and civic life. |
| Office of the State Treasurer - Small Business Resource Tool Kit | The Small Business Resource Toolkit serves as a reference source for small business owners throughout Massachusetts, who may not have the ability or time to access resources to create or maintain their business. The purpose of this toolkit is to provide important information related to business planning, maintenance, and growth. Access a wide range of resources related to the phases of planning, funding, and managing your business and small business accounting. |
| SCORE | Educates entrepreneurs and helps small businesses start, grow, and succeed and provides small businesses with free confidential business counseling services. |
| U.S. Small Business Administration (SBA) | Supports America's small businesses, connects entrepreneurs with lenders and funding to help them plan, start and grow their business. |
| U.S. Department of Veterans Affairs Office of Small and Disadvantaged Business Utilization (OSDBU) | Enables Veterans to gain access to economic opportunities by developing policies and programs, informed by customer feedback, that improve market research, increase direct access, and maximize the participation of procurement ready Veteran-Owned Small Businesses and Service-Disabled Veteran-Owned Small Businesses in federal contracting. |