Has this winter’s snow hit your business hard? There is a program available called the Storm Loan Fund through the Massachusetts Growth Capital Corp. or MGCC. They are offering business owners loans of between $5,000 and $10,000. This will be a 3 year note with a 6 month moratorium on principal (interest due monthly), and an annual interest rate of 5%. Follow the link for more information and to download the application. The application must be forwarded here to the WBA and we approve the application for the MGCC. Business owner can expect to hear within just a few days if their loan has been approved.
Here is the PDF application. Completed applications can be send to us via mail, email, or by completing our electronic form below:
Remember the WBA is here to support your business!
Executive Director of the Woburn Business Association