Posted by: LISC Small Business on October 25, 2016
We're thrilled to announce Impact Lending, an initiative between Northeastern University and LISC to help Boston small businesses access capital and connect to contract opportunities at Northeastern. Impact Lending will pour $6.5 million in loans and technical assistance into the small businesses that create jobs, drive economic growth, and add character to Boston's neighborhoods.
Through Impact Lending, small businesses can apply for financing from $1,000 to $1 million for working capital, equipment and inventory purchases, debt refinancing, real estate purchases, and more. Loan options include crowdfunded Kiva loans, microloans, term loans, and contract financing.
Our mission is to support small businesses across the city that might not qualify for traditional bank financing, especially those that are minority- and women-owned. Together, we'll work to build a more inclusive economy that increases access and opportunity for Boston entrepreneurs. If you know a Boston small business that could benefit from financing, help us spread the word by sending them to our Impact Lending website.
Interested in learning more about the Impact Lending program? Get in touch with Eric Uva, Director of Small Business Lending, submit an application, or visit our website.
Photo by Darlene DeVita. Boston Small Business Owners Gwen Burlingame and Katy Flanner of Minus the Moo