Learn about the Commonwealth’s temporary Emergency Assistance Intake Center in Devens. More information here.


Loans & Guarantees

Our loans and guarantees offer low rates and flexible terms to help foster real estate and business expansion projects that generate jobs and economic benefits for communities across Massachusetts.

Brownfields Remediation

Brownfields Redevelopment Fund - The Brownfields Redevelopment Fund finances the environmental assessment and remediation of brownfield sites. Eligible applicants may apply for up to $250,000 in site assessment funding, and/or up to $750,000 in remediation funding.

brownfields redevelopment fund brochure

Types of Redevelopment Fund Programs:

  • The Brownfields Site Assessment Program provides unsecured, interest-free financing up to $250,000 for environmental assessment of brownfields.
  • The Brownfields Remediation Loan Program offers flexible loans up to $750,000 for environmental cleanup of brownfields.



Prior to redevelopment, MassDevelopment can provide a real estate loan or tax-exempt bond to finance your project. 

Other state brownfields programs that provide financing incentives include:

  • Brownfields Tax Credit Program - The tax credit program is administered by the Massachusetts Department of Revenue and offers eligible businesses and nonprofits a tax credit for the costs incurred to remediate contaminated property owned or leased for business purposes and located in an economically distressed area. Tax credits may be used against state tax liabilities, or transferred or sold to third parties.

Charter School Loan Guarantee

Through the Massachusetts Charter School Loan Guarantee Fund, MassDevelopment provides guarantees for bank loans or tax-exempt bonds financing the acquisition, construction, or renovation of charter school facilities located in Massachusetts.

For facilities owned by the school:

  • Loan guarantees cover a percentage of the first mortgage loan up to the lesser of 50% or $3 million.
  • Loan advance rate may be up to 100% of the property value.                           

For facilities leased by the school:

  • Loan guarantees cover up to the lesser of $1,000,000 or 90% of the cost of facility improvements.


Commercial Real Estate Loan

Real estate loans can be used to fund facility acquisition, renovation, construction, and permanent financing.

Our real estate loan program offers:

  • Loans or bank loan participations up to $7,500,000
  • Construction loans, usually made in partnership with another lender
  • Permanent financing loans
  • Multi-tenant, mixed use, commercial, industrial
  • Manufacturers, small business, nonprofits
  • Rental housing apartment buildings
  • For owner-occupied real estate, loan advance rates up to 90% of the property value

Lending Brochure


Emerging Technology Fund

For information on the Emerging Technology Fund, please visit – www.massdevelopment.com/etf

Equipment Loan

If your company is expanding operations and needs to purchase equipment, MassDevelopment can help.

Our equipment loan program offers:

  • Loans or bank loan participations up to $2,000,000
  • Fixed rate financing
  • Loan terms up to seven years
  • Loan advance rates up to 85% of the cost of new equipment
  • Exporters may receive 100% financing for new equipment


Export Financing

MassDevelopment offers the following programs to help companies that export or anticipate exporting products or services internationally:

  • 100% Export Loan
  • 100% financing for new equipment, leasehold improvements and working capital
  • Loans up to $2,000,000
  • Interest-only payments for the first 12 months
  • Up to 7-year term and amortization

Export Loan Guarantees

  • Loan guarantees on working capital lines of credit and other eligible loans
  • Inventory and accounts receivable accepted as collateral
  • Up to 70% working capital financing available

Other international trade resources available to exporters:

  • Massachusetts Export Center - One-on-one export counseling and technical assistance, export workshops, and other services. www.mass.gov/export 
  • Massachusetts Office of International Trade and Investment - Works to expand the Massachusetts economy by marketing the state’s business internationally. www.mass.gov/moiti 
  • Massachusetts Export Resource Center - A one-stop resource for information and training to help businesses grow by taking advantage of global opportunities. www.mass.gov/export/resourcecenter


Mortgage Insurance Guarantee

MassDevelopment can provide a guarantee on a portion of a bank real estate loan or tax-exempt bond.  Our guarantee covers the difference between a bank’s maximum allowable loan advance rate and up to 90% of the property value, thereby increasing the amount of financing available to your business.

Our mortgage insurance guarantee program offers:

  • Loan guarantees up to $4,000,000
  • Loan advance rates up to 90% of the value of the real estate

Guarantees are also available for charter school loans, tax-exempt bonds, loans to companies that export products to international markets, and working capital loans to manufacturers.

Loan Guarantee Brochure


Pre-development Loan

Pre-development loans can be used to finance early stage project costs, such as architectural and engineering work or traffic and feasibility studies necessary to advance a project to the construction stage.  Our pre-development loan program offers loans up to $100,000 and deferred interest payments.*

*Borrowers are required to provide a 50% match for MassDevelopment loan funds.


MassDevelopment offers loans from $25,000 to $250,000 to help nonprofit 501(c)(3) organizations located in Massachusetts purchase and install technology equipment. 100% of cost of purchase of new or used telecommunications and information technology equipment, software, and related installation costs


Working Capital Loan

Manufacturing Planning Loans

MassDevelopment provides Manufacturing Planning Loans up to $50,000 with low interest rates and terms of up to five years. Loans can be used by manufacturing companies to pay for consultant services. Eligible consultant contracts include services to evaluate and improve demand (sales and marketing), fulfillment (operations improvement), and finance and administration (strategic leadership).