February 2006
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February 2006
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$20
Million Loan Program for Massachusetts Exporters
MassDevelopment MassDevelopment, a quasi-state economic development agency of the Commonwealth of Massachusetts, has recently established a loan program aimed at supporting the needs of exporting manufacturers. Loans up to $500,000, with terms up to seven years at fixed or variable rates, may be used for equipment purchases, leasehold improvements, and working capital. Financing Need MassDevelopment Solution Long-term 100% financing for equipment & other purposes Short-term Bank financing with a MassDevelopment loan guarantee Risk protection Insurance to protect international accounts receivable MassDevelopment is committed to helping medical device manufacturers in Massachusetts by providing financing solutions including direct loans, guarantees and tax-exempt bond financing. To learn more about this financing program contact: Eric E. Hunter, V.P. MassDevelopment, (617) 330-2033 or ehunter@massdevelopment.com |
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