Baker-Polito Administration Announces $10 Million Small Business Recovery Loan Fund
![Baker-Polito Administration Loan Fund Announcement](/sites/default/files/styles/news__detail/public/images/2020-06/200316-coronavirusavail-JQ1521-152514.jpg?h=b69f83ed&itok=TwHeuU-w)
BOSTON — Today, the Baker-Polito Administration announced economic support for small businesses with a $10 million loan fund to provide financial relief to those that have been affected by COVID-19.
The $10 million Small Business Recovery Loan Fund will provide emergency capital up to $75,000 to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits. Loans are immediately available to eligible businesses with no payments due for the first 6 months. Massachusetts Growth Capital Corporation (MGCC) has capitalized the fund and will administer it.
Read more at
Mass.gov