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2019 Natick Small Business Emergency Loan Fund


On August 2, 2019, the Baker-Polito Administration announced a $400,000 Natick Small Business Emergency Loan Fund, capitalized and administered by MGCC, to provide financial support to the shops directly impacted by the July 22nd fire in Natick. This fund will help them open for business once again. Read the full press release here:

Baker-Polito Administration Press Release - August 2, 2019

General Terms and Conditions

  • Open to Massachusetts-based businesses in Natick impacted by the fire of July 22, 2019 (loss must be verifiable)
  • Loan amounts $5,000 to $50,000
  • 3-year note, no payments for first 30 days, than a 5-month moratorium on principal (interest due monthly), then 30-month of principal and interest (direct debited)
  • Annual interest rate 3%
  • Personal guarantee required of all owners with 20% or more interest in the company
  • All asset lien on business
  • No prepayment penalty
  • Ineligible businesses include companies involved in real estate investment, multi-level marketing, adult entertainment, or firearms

Approval contingent on business being profitable prior to the incident and no adverse personal credit reports 60 days past due for the first six months of 2019.

How to Apply

  • Please complete the 2019 Natick Small Business Emergency Loan Fund application, found by clicking the "application" button below.
  • Completed applications can be sent to mgcc@massgcc.com with the subject line “2019 Natick Small Business Emergency Loan Fund” or by mail at:

                                 Massachusetts Growth Capital Corporation

                                 Attn: 2019 Cape Cod Small Business Emergency Loan Fund

                                 Schrafft’s City Center

                                 529 Main Street, Suite 201

                                 Charlestown, MA 02129

MGCC is partnering with South Middlesex Opportunity Council (SMOC) and the MetroWest Chamber of Commerce for additional, local assistance.

SMOC                     MetroWest Chamber

                     

If you have any questions, please reach us at the Emergency Loan Fund call line:  (617) 337-2815

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