|The Boston Local Development Corporation (BLDC) has been awarded relief funds by the EDA CARES Act to help the City of Boston Small Businesses navigate the financial challenges brought on by COVID-19.
Loans are available for existing businesses, new ventures, and businesses relocating to the City of Boston. These loans range from $10,000 to $150,000. For Boston companies in the industrial and manufacturing sectors, loans can go up to $250,000.
Funds can be used for working capital, equipment, utilities, expansion, and many other business needs. BLDC loans have flexible terms and there are no prepayment penalties.
Please click here to review BLDC’s Loan Process.