Community Development Financial Institutions Fund (CDFI)

Programs include:

• Bank Enterprise Award (BEA)
• Capital Magnet Fund (CMF)
• Community Development Financial Institutions (CDFI)
• Financial Education and Counseling (FEC)
• New Markets Tax Credit (NMTC)
• Native initiatives, including Native American CDFI Assistance (NACA)
• Community Development Entity (CDE) certification program
• Community Development Financial Institution (CDFI) certification

Economic Stabilization Trust
Commonwealth Corp
The Schrafft Center 529 Main St Suite 110
Boston MA 02129

Enterprise Bank & Trust Company
674 Boston Road
Billerica MA 01821

OR

223 Boston Road
Billerica MA 01862

Lowell Five Cent Savings Bank
700 Boston Road
Billerica MA 01821

Lowell Small Business Assistance Center
88 Middle Street
Lowell MA 01852

Massachusetts Business Development Corp

500 Edgewater Drive Suite 555
Wakefield MA 01880 

A private company in which many financial institutions have pooled their income to share the risk of helping promising companies expand.  It is a Preferred SBA lender. 

MA Office of Business Development

Promotes job growth, retaining existing jobs, and stimulating private investment within MA.  Its mission is to facilitate governmental resources and incentive programs that will help business grow faster and stronger.

The MOCD helps companies obtain training grants.  It works with MassEcon, cities and towns to find sites for companies to locate, relocate or expand within MA.

It acts as a liason between companies with exportable products and the Small Business Development Center Export Department. The MOBD and the MA Office of International Trade and Investment assist foreign companies that want to invest in MA.

Massachusetts Small Business Development Network (MSBDC)

Northeast Regional Office
Salem State College
121 Loring Avenue  Suite 310
Salem MA 01970

The NE Regional Office provides advice to businesses located in the North Shore and Merrimack Valley areas of the state.  Since its inception in 1991, the office has worked with over 10k entrepreneurs to raise over $46million in loans.  In addition to office hours in Salem, staff also hold office hours at chambers of commerce, local colleges and economic development groups throughout Northeastern MA. 

Minority Business Development Agency (MBDA)

As part of the Department of Commerce, it is the only federal agency dedicated to advancing the establishment and growth of minority owned firms. Through a network of minority business centers and strategic partners, it works with minority entrepreneurs who wish to grow their businesses in size. scale, and capacity.

• Notices of competition
• New programs and initiatives
• WHIAAPI - White House Initiative on Asian Americans and Pacific Islanders 
• Minority Enterprise Development (MED) Week
• MBDA Youth Entrepreneurship

Northern Bank & Trust Company
482 Boston Road
Billerica MA 01821

Recycling Loan Fund (RLF)

BDC Capital
500 Edgewater Drive Suite 555
Wakefield MA 01880

This fund is intended for any business with a primary purpose:

• Collectiving or separating recyclable materials for resale
• Reuse, processing, composing or converting of recyclable materials into marketable products
• Manufacturing products that use recycled materials
• Wholesaling or retailing of recycled feedstocks or products containing a significant percentage of recylced materials

The qualifying companies must operate in Massachusetts and be unable to obtain financing from conventional sources.

Small Business Administration
10 Causeway Street Room 265
Boston MA 02222

Stoneham Bank 
490 Boston Road
Billerica MA 01821

TD Bank
449 Boston Road
Billerica MA 01821

US Department of Commerce Minority Business Development Agency (MBDA)

Provides access to markets, access to capital, management and technical assistance, as well as education and training.