MassDevelopment is now offering flexible financing for capital improvements for community-based nonprofit organizations such as elder care centers, daycare facilities, community centers and girls’ and boys’ clubs. The fund will provide loans ranging from $100,000 up to $500,000.
Eligible applicants must:
- be registered as a Massachusetts-based 501(c)(3) organization;
- have an operating budget of less than $5 million for each of the last five years;
- provide social, youth, or family services;
- primarily work in underserved or disadvantaged communities; and,
- be ineligible for financing under existing loan programs
