Lynn Small Business Loan Fund

Details

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