Private-Sector Loan and Grant Opportunities

This resource provides an extensive, aggregate, but not necessarily comprehensive, list of funding sources that may be available to small business owners. Of note, the list flags where a grant program may be targeted at specific historically disadvantaged groups including e.g. Black, Immigrant, Person of Color, or Woman owned businesses.

This information should not be considered comprehensive. This information should not be construed as an endorsement of any specific financial program.

To apply for assistance for your small business, click here.

Life Asset: Loans

We support low-income entrepreneurs who have difficulties qualifying for a loan elsewhere by offering a lending model based on social-collateral and peer-support (e.g., initial loans are group loans) instead of traditional underwriting criteria (e.g., credit score, income, and collateral).

Site Type
Loan
Eligibility

Personal Credit Score: No limits Months Financial Statements: 3 Business Credit Score: No limits Years in Operation: No limits Personal Guarantee: Yes Annual Revenue: No limits Collateral: We don't require collateral Other: A borrower needs to form or join a group of at least 2 more borrowers.

External URL
https://lifeasset.org/
Target Geography
Washington, D.C.

MA GCC Microloan Program

MGCC is a statewide intermediary lender for the US SBA Microloan program, which provides financing from $5,000 to $50,000 to Massachusetts small businesses to assist with working capital, or the purchase of furniture, fixtures, supplies, materials, and/or equipment.

Site Type
Loan
Eligibility

Existing businesses;For profit businesses;Headquartered in Massachusetts;Requires minimum personal credit score of 575, with no historical or pending charge offs by creditors permitted or existing government liens;Requires 2 years tax returns, business and personal;Requires lien on all business assets;Requires personal guaranty

External URL
https://www.empoweringsmallbusiness.org/what-we-offer/sba-microloan-program
Target Geography
Massachusetts

Madison Park Development Corporation Minority/Women-Owned Business Enterprises Relief Fund

Grant amounts up to $2,500 for Minority or Women-Owned Enterprises

Tags
BIPOC
Women
Eligibility

Business must not qualify for PPP loan;Boston-based contractor (preference for Roxbury, Dorchester, or Mattapan;Minority/Women-Owned Enterprises;Proof of City of Boston Project;10 employees or less

External URL
https://bit.ly/MWBEContractorsReliefFund
Resource Type
Individual Program Listings (Connecticut, New Jersey, and Massachusetts)
Target Geography
Massachusetts

Main Street Launch – Stockton Launch

Main Street Launch is committed to providing access to capital in parity with the community, supporting neighborhood revitalization efforts without displacement, and creating jobs for Stockton’s residents.
Loan Amounts: up to $250,000;
Interest Rate: WSJ Prime + 3% 
Loan Uses:
Furniture, fixtures, equipment; 
Inventory; 
Hire employees and pay expenses; 
Business debt refinancing; 
Business acquisition; or 
Tenant improvements.

Site Type
Aggregator
Eligibility

Not available

External URL
https://mainstreetlaunch.org/stockton-launch/
Target Geography
California