Capacity Building, Financial and Technical Assistance

A wide range of organizations provide capacity building, financial and technical assistance services for diverse and small businesses.

Table of Contents

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

Catholic Charities

Upon arriving in Boston, individuals face daunting linguistic, economic, cultural, and legal challenges. This organization helps arrivals integrate into society by offering support and guidance as they adjust to their new surroundings and become active participants in their communities.

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 contactBizgrow@lawyersforcivilrights.org

Massachusetts Office of Business Development (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. MOBD’s team provides a highly responsive, central point of contact that facilitates access to resources, expertise, and incentive programs.

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 Procurement Technical Assistance Center (PTAC)

Guides small businesses through the government procurement process and provides information on how to become more competitive in the government marketplace and to best position a small business to succeed.

Massachusetts Small Business Development Center Network (MSBDC)

The MSBDC is committed to helping businesses succeed in Massachusetts. We provide free, confidential, and conflict-free, one-to-one business advising to entrepreneurs, start-ups, and established businesses looking to expand or sell. Contact an MSBDC regional office for services, find the city or town where your business is located. If you are not currently in business, choose the town or city where you live. Find the Closest Regional Office

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.

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