Want to grow and/or enhance your small business?
Unable to get conventional bank financing?
The Community Teamwork Inc. Small Business Center now provides financial assistance through the Merrimack Valley Microloan Fund program. This program provides microloans to low and moderate-income entrepreneurs in the Merrimack Valley who lack access to conventional credit. Capacity is determined through submission of a business plan and successful financial analysis, and is strengthened and monitored through continued technical assistance. The fund bridges the credit gap, helping businesses expand and grow, making them bankable.
Please contact us to learn more.
Loan Products
Loans up to $5,000;
Up to 5 years to pay back, depending on financial analysis;
No prepayment penalties;
Low annual interest rate;
Technical assistance and training on small business topics.
Eligible Businesses
Existing businesses (in business at least 12 months)
Retail
Service
Wholesale
Eligibility Criteria
Must be unable to obtain a conventional bank loan;
The business must be located within the Merrimack Valley;
Must be able to demonstrate a capacity to repay the loan;
Must be willing to receive technical assistance.
The CTI Merrimack Valley Small Business Center
provides everything in one place:
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