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High-technology is a key industry for Massachusetts. Across the state, technology companies benefit greatly from the funding that MassDevelopment provides, including financing for facility expansions, new equipment, and more. The result is more jobs for Massachusetts.
Emerging Technology Fund — Provides loans for facilities and guarantees for specialized equipment. 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. Real Estate Loans — Provide borrowers with access to up to $5 million for facility acquisition, renovation, construction, and permanent financing.
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Equipment Loans — Provide $50,000 to $1,000,000 worth of below market-rate financing for new equipment.
Guarantees — Secure a portion of a private real estate or equipment loan, providing lenders with incentives to extend credit. Exporter Financing — Offers special financing options exclusively to exporters. Available programs include 100% export loans, export loan guarantees and export credit insurance. 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. Term Working Capital — Assists small, middle-market businesses by replenishing working capital shortfalls caused by adverse business conditions.
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| Call 800.445.8030 or click here. |