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The seafood-processing business in Massachusetts is a $1 billion industry. To stay competitive, this industry relies on MassDevelopment to provide direct loans for fixed-asset financing for the purchase of land, buildings and equipment, as well as the construction or renovation of facilities. These loans not only keep the seafood business thriving, but also help create and retain jobs in Massachusetts.
Tax-Exempt Bonds — Used to finance the purchase, rehabilitation, or construction of facilities as well as new equipment purchases. Interest on the bonds is exempt from federal income taxes – and for certain bondholders is also exempt from state income taxes – resulting in lower interest rates. Seafood Loans — Provide financing for land, buildings, and equipment purchases and for the construction or renovation of seafood-related facilities. Exporter Financing — Offers special financing options exclusively to exporters. Available programs include 100% export loans, export loan guarantees and export credit insurance.
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Brownfields Redevelopment Fund — Provides up to $100,000 in financing for environmental site assessments and up to $500,000 in financing for environmental remediation. Site assessment loans are unsecured with no interest charged. Remediation loan terms are flexible.
Taxable Bonds — Offer borrowers access to capital markets for industrial and commercial real estate projects.
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| Call 800.445.8030 or click here. |