Small Business Loans
Most small businesses rely on lenders to provide the capital they need to either open a business or to finance capital improvements. Without loans, many small business owners would be unable to realize their dreams of opening a business or expanding their operations
SBA Loan Programs
The US Small Business Administration (SBA) offers a variety of loan programs for very specific purposes. Take some time to study the programs described in this section, to see if you qualify to participate.
7(a) Loan Program
The 7(a) Loan Program includes financial help for businesses with special requirements. For example, funds are available for loans to businesses that handle exports to foreign countries, businesses that operate in rural areas, and for other very specific purposes
What is a Microloan? The Microloan Program provides small, short-term loans to small business concerns and certain types of not-for-profit child-care centers. The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries make loans to eligible borrowers. The maximum loan amount is $50,000, but the average microloan is about $13,000.
CDC/504 Loan Program
What is the CDC/504 Program? The CDC/504 loan program is a long-term financing tool, designed to encourage economic development within a community. The 504 Program accomplishes this by providing small businesses with long-term, fixed-rate financing to acquire major fixed assets for expansion or modernization.
A Certified Development Company (CDC) is a private, nonprofit corporation which is set up to contribute to economic development within its community. CDCs work with SBA and private sector lenders to provide financing to small businesses, which accomplishes the goal of community economic development.
For more information on SBA Loans: www.SBA.Gov
Coastal Community Capital
Great Opportunity for Businesses in Barnstable's Downtown Hyannis Revitalization Strategy Area
Coastal Community Capital has teamed up with the Town of Barnstable to support businesses located in Barnstable's Downtown Hyannis Revitalization Strategy Area!
For a very limited time, we will be offering financing, up to $50,000, to eligible businesses at 2% fixed interest rate for 5 years. Funds may used to establish, stabilize or expand a business.
Among the eligibility requirements are the following:
Business must be located in Downtown Hyannis Revitalization Strategy Area (specific downtown Hyannis area). Call for determination.
Must employ 5 or less employees including the owners. Each employee, whether full time or part time, is counted as 1 employee.
Funds may not be used for facade or signage improvements.
Loan must be secured with real estate collateral, unless used to purchase a vehicle with a VIN number.
Act soon, as funds are limited! Other terms and conditions apply. Equal Opportunity Employer.
For more information and the full list of eligibility requirements, contact us today at 508-362-3755 or email firstname.lastname@example.org .
Prices, terms and conditions subject to change without notice.
Coastal Community Capital is a division of Cape & Islands Community Development, Inc, a non-profit community development lender serving Massachusetts businesses since 1995. They promote economic development through small business growth, management of the region’s small business loan fund, and provide entrepreneurial support through the EntreCenter. Coastal Community Capital has unlimited access to an array of funding sources, including SBA 504 loans, loan guarantees, and direct lending which are constantly evolving to provide the best solutions for borrowers.
Coastal Community Capital
5 Shoot Flying Hill Road
Centerville, MA 02632
Contact: Jeannine Marshall
Mass. Growth Capital Corporation (MGCC)
Massachusetts Growth Capital Corporation (MGCC) is a quasi-public lender created by an act of the legislature and signed into law by Governor Patrick in the summer of 2010. The Mission of MGCC is to create and preserve jobs at small businesses, women and minority owned businesses, and to promote economic development in underserved, gateway municipalities and low and moderate income communities.
If you have any questions please feel free to reach out to them at 617.523.6262 or visit their website for more program information at
MassVentures is a venture capital firm focused on fueling the Massachusetts innovation economy by funding early-stage, high-growth Massachusetts startups as they move from concept to commercialization.
MassVentures focuses on Series A investments and considers occasional and opportunistic seed rounds. We provide capital for first-time CEOs and/or founders and consider industry segments not adequately served by the venture community.
Our track record of success combined with our expertise, contacts and support for entrepreneurs makes MassVentures an attractive venture partner for early-stage companies in Massachusetts.
MassDevelopment offers bond financing programs as a cost-effective way for companies to finance capital projects, new equipment purchases, and facility expansions. They also provide loans and guarantees to help grow your operations, and development assistance for early-stage projects.
Contact Jay Pateakos, business development manager for the southeast region at email@example.com.
Town of Barnstable
Growth Incentive Zone(GIZ) in Downtown Hyannis
The Growth Incentive Zone will allow the Town to direct opportunity to the center of the Village of Hyannis by supporting village-scale density and mixed use zoning furthering a town-wide plan to create a healthy community and a sustainable economy. Downtown Hyannis is an area of Barnstable with existing growth infrastructure and capacity but many underperforming properties. This plan maximizes the infrastructure advantage while minimizing the negative impacts of growth. It highlights the potential for people to live and work on a smaller environmental footprint reinforced by steps taken to offset growth in areas of Town where development threatens those human and environmental measures that determine our quality of life
Community Development Block Grant Program (CDBG)
The Community Development Block Grant (CDBG) program provides federal funding to activities or projects that benefit low to moderate-income households at or below 80% of the area median income. The goals of the program are to:
Provide decent, safe, and sanitary housing
Provide a suitable living environment
Expand economic opportunities
The Town of Barnstable through the Planning and Development Department, receives federal CDBG funds from the U.S. Department of Housing and Urban Development (HUD) as an entitlement community on an annual basis to support the program’s goals.
Commercial Façade Improvement Program
CDBG funds are available for façade & sign improvements for commercial businesses located downtown Hyannis in the designated program areas. Applicants are required to provide a one to one match and property owner permission is necessary for tenants applying.
Economic Development Incentive Program
Tax Increment Financing(TIF)
The Town of Barnstable uses local and state tax incentives to attract new business, expand existing businesses, and stimulate job creation and business investment.
The Town of Barnstable seeks to enter into Tax Increment Financing(TIF) Agreements for qualifying projects that:
- Encourage qualifying existing businesses to expand
- Attract new businesses that are compatible with the Barnstable Local Comprehensive Plan (LCP)
- Stimulate capital investment and creation of jobs paying above the area median income for Barnstable. Provide substantive increases in employment with salaries higher than the area median income. Provide private capital investment resulting in a substantive increase in net taxable property value.
- Foster reconstruction and renovation of vacant or underutilized commercial properties.
Contact: Economic Development Specialist Mike Trovato at 508 862 4791 for more information
Housing Development Incentive Program
Tax Increment Exemption (TIE)
The Town of Barnstable seeks to enter into Tax Increment Exemption Agreements with Residential Developers to support investment of market rate residential projects that contribute to meeting the housing goals of the community by increasing residential growth, expanding diversity of housing stock and supporting economic development in the Downtown Hyannis Growth Incentive Zone. The Downtown Hyannis GIZ is uniquely positioned for additional housing development as it is the economic center of the Town and region however it is seeking a greater jobs-housing balance.
A Tax Increment Exemption Agreement (TIE) is a locally negotiated real estate property tax increment exemption between the Developer and Municipality of not less than 10% and not more than 100% of the increment on market rate residential units in a Certified Housing Development (HD) project for a period of not less than 5 years and not more than 20 years in accordance with Massachusetts Housing Development Incentive Program.
Contact: Housing Coordinator Arden Cadrin at 508.862.4683
Commonwealth of Massachusetts
Massachusetts Office of Business Development (MOBD) is committed to helping companies create and retain jobs, as well as promote private investment in our state. They facilitate simplified, timely access to a host of governmental and non-governmental resources and incentive programs that will help businesses grow faster and stronger in Massachusetts:
Economic Development Incentive Program
The Economic Development Incentive Program (EDIP) is a tax incentive program designed to foster job creation and stimulate business growth throughout the Commonwealth. Participating companies may receive state tax incentives in exchange for job creation, manufacturing job retention and private investment commitments.
Investment Tax Credit (ITC)
The Massachusetts Investment Tax Credit (ITC) offers a three-percent credit for qualifying businesses against their Massachusetts corporate excise tax. The credit is to be used for the purchase and lease of qualified tangible property used in the course of doing business
MOBD is a state agency under the Executive Office of Housing and Economic Development: www.mass.gov/
State and Local Energy Efficiency Programs
Here you will find a listing of state, local and regional programs that help small businesses become energy efficient. These programs offer financial assistance in the form of grants and loans for making energy efficient upgrades. Grants are also available to firms developing energy efficient technology. These programs also offer free or low-cost technical assistance to help small business owners conduct energy audits and implement energy efficient technology
As part of the Baker-Polito Administration's commitment to promote prosperity in communities of all sizes as well as to cultivate job and economic growth in the maritime economic sector, the Seaport Advisory Council has been revitalized under Executive Order 564 and is now known as the Seaport Economic Council.
The Seaport Economic Council, chaired by the Lieutenant Governor of the Commonwealth and administered by the Executive Office of Housing and Economic Development with support from the Office of Energy and Environmental Affairs, will challenge the 78 coastal communities of Massachusetts to leverage their unique geographic advantages in order to grow jobs and the economy as well as prepare for the future as we confront the challenges posed by sea level rise and increasingly powerful coastal storms.