MassDevelopment

Businesses

MassDevelopment Support for Businesses

We provide flexible financing solutions for companies. Our bond financing programs offer a cost-effective way to finance capital projects, new equipment purchases, and facility expansions.  You’ll also find loans and guarantees to grow your operations, and development assistance for early-stage projects in communities across the Commonwealth.

See all the ways we support businesses.

Predevelopment Financing

The Brownfields Redevelopment Fund
This fund provides up to $100,000 for assessment of brownfields properties in Economically Distressed Areas (EDAs). You can also get loans with flexible terms up to $500,000 to clean up contaminated sites.

Predevelopment Loans
These are low interest rate loans up to $100,000 with deferred repayment terms to finance predevelopment real estate projects.

Real Estate and Equipment Financing

Real Estate Loans
We offer loans and bank loan participations up to $7,500,000 for facility acquisition, renovation, construction, expansion, and permanent financing.

Mortgage Insurance Guarantee
MassDevelopment can issue a guarantee to your bank, allowing you to receive a higher advance rate on a real estate loan. The maximum guarantee is $2,000,000.

Equipment Loans
We issue specialized loans for the purchase of up to $2,000,000 in equipment.

Specialty Programs

Emerging Technology Fund
Emerging technology companies need resources to start up or expand. We provide real estate, equipment, and working capital loans and guarantees to keep the momentum going. 

Exporter Financing
To help Massachusetts companies bring their products and services to markets around the globe, we offer 100% export loans and export guarantees.

Manufacturing Innovation Grants
Helps small- and medium-sized manufacturers access equipment, receive expert consulting on product development, and stay competitive.