Anyone interested in starting a business or expanding can utilitze the small business assistance services available through the Nashoba Valley Chamber.
Massachusetts Growth Capital Corporation (MGCC) is a quasi-public corporation of the Commonwealth providing customized loans, connections to managerial assistance, and access to resources for small business owners. MGCC is committed to the creation and preservation of jobs and promotion of economic development in the Gateway Cities and underserved communities of Massachusetts.
MGCC serves as a gap financing partner to find loan opportunities in circumstances of collateral gaps, turnaround situations, acquisitions or other factors that prevent a bank from either making a new loan or increasing an existing one. The types of financing that MGCC employs most often include:
- Subordinated Loans
- Lines of Credit
- Term Loans
- Real Estate Enhancement Financing Loans
- Loan Guarantees