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Event Series Event Series: Lynn Small Business Loan Fund

Lynn Small Business Loan Fund

December 7, 2021


Lynn Small Business Loan Fund

The Lynn Small Business Loan Fund offers small businesses loans to Lynn based existing and start-up businesses that cannot currently access financing from a traditional bank or credit union lender.

Click HERE to schedule an appointment with a loan officer today!

To Qualify Businesses Must Demonstrate:

  • The business owner(s) are 18 years of age or older
  • The business is located in Lynn (later to be expanded to other North Shore areas)
  • The community would benefit from the business project
  • 20% investment into the business by the business owner
  • Willingness and capability to repay the loan
  • Business industries not applicable – Cannabis, Adult Entertainment, Firearms, Pyramid based, Real Estate/Stock speculation

Terms and Conditions:

  • Loans are between $5,000 and $100,000
  • Fixed interest rate of 6.25% (3 points above Prime)
  • 1 to 5-year terms
  • 1% Closing fee
  • No Application Fee

For more information or to apply in English please contact Aaron Lackman at (978) 258-2772 ext. 18 or at aaron.lackman@mccinvest.org

Para mas informacion o para postularse en espanol contacte Kristin Wallace at (978) 258-2772 ex. 16 o en Kristin.wallace@mccinvest.org


December 7, 2021
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