Small Business Flexible Loan Financing

We finance both start up and existing small businesses offering loans for a wide variety of purposes, and have been successfully doing so now for almost 30 years. Our service area includes the entire MA Upper Pioneer Valley, North Quabbin and Northern Berkshire County.

We remain here to support entrepreneurs involved in a wide variety of industries with an emphasis on supporting businesses committed to either retaining and/or creating jobs. If your business needs financing and traditional, commercial bank financing is not sufficiently available contact This email address is being protected from spambots. You need JavaScript enabled to view it., Lending Director. We would like to hear from you.

We can lend as little as $5,000 to as much $200,000 to both existing and start up businesses. Start up businesses are required to submit a written, prepared business plan in support of their loan request. We welcome collaboratives with both traditional and alternative loan capital providers to best leverage financing dollars.

Since our beginning, we have provided over $8 million in financing to local businesses through over 250 loans. CDC borrowers have created or retained over 1400 jobs throughout Franklin County!

We particularly seek to lend to manufacturing, agricultural and other natural resource based businesses, artisans, and retail or service businesses located in core downtown areas. Lending to businesses that will create or retain jobs for local residents is a priority.


 How to Apply for a Loan

The first step in applying for a loan with the CDC is to fill out our application form and loan application.

Loan application as a Word docx

Loan application as a pdf to print and fax or send back

 

 Loan Funds

  • The Four Town Trust Fund provides loans for businesses in Greenfield, Montague, Shelburne and Buckland.
  • The Ten Town Trust Fund targets businesses located in Ashfield, Bernardston, Charlemont, Erving, Gill, Hawley, Northfield, Warwick, Wendell, and Whately.
  • The SSED Fund (Sudden and Severe Economic Dislocation) is for businesses that require financing for the retention or creation of jobs in Franklin County as well as Athol, Petersham, Phillipston and Royalston. It is also available to support minority and women-owned businesses.
  • The Rural Development (USDA) Intermediary Lending Program is for established businesses that need gap financing. Funds may also be available for new and expanding businesses.

  • The Rural Development (USDA) Rural Microenterprise Assistance Program is for established businesses that need gap financing. Funds may also be available for new and expanding businesses.

Lending Process Flow Chart

 

 

"This institution is an equal opportunity provider and employer.

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF), found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at This email address is being protected from spambots. You need JavaScript enabled to view it."

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