Learn about business funding and financing programs

Find resources and information on a wide range of funding and financing options available to Massachusetts businesses.

Each loan, grant, and venture capital program is different. Make sure you research all available options to find the one that’s right for your business. Depending on the type of funding you need, what industry you’re in, and other factors, there are several ways you can get financial support.

General Programs

The federal 504 loan program through the Small Business Administration (SBA) is a versatile option for small businesses. At the state level, MassDevelopment offers a broad range of funding options through its loan programs for Massachusetts businesses.

The Massachusetts Growth Capital Corporation specializes in options for businesses unable to obtain traditional funding.

Research and Development

The Small Business Innovation Research (SBIR) program funds research and development companies creating technology with commercial potential. The START program is a supplemental financing option for Phase II SBIR companies in Massachusetts.

Similar to the START program, the MassRamp program is an additional funding source for Phase II SBIR companies in the life sciences industry. Early-stage life sciences companies can get funding from the Accelerator Loan Program.

Technology

MassVentures is a venture capital investment group that funds early-stage, technology-driven companies.

Clean energy and environment

If you own a business in the environmental industry, there are environmental loan and grant programs available. You can also find a variety of financing options from the Massachusetts Clean Energy Center.

Regional financing options

You may be able to get funding help from regional programs if your business is in a certain area.

Other Specialized Financing Options

You may be able to get funding for specific activities.                              

More Information

The SBA offers online courses related to business financing, general information on loans and grants, and a list of approved lenders.

You can use grants.gov to search for federal grants, and the New England Venture Capital Association’s investor database to find local investors.

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