Counseling, loan funds to support Western Massachusetts businesses
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Published: 7/1/2021 6:12:08 PM
GREENFIELD — The state recently announced additional financial support to small businesses in Western Massachusetts, including those in Franklin County.
The Greenfield-based Franklin County Community Development Corporation (CDC) was awarded $1.25 million of loan capital and grants for businesses in Western Massachusetts, according to a Franklin County CDC press release. CDC Executive Director John Waite said that about 1 million of those funds, awarded by the Massachusetts Growth Capital Corporation, will be loans, and about $200,000 will be for grants for small businesses.
“We’ve been lending to small businesses for almost 40 years,” Waite said. “This will allow us to do more flexible lending to people who previously did not have access to credit.”