 |
 |
Workforce Housing Critical to Local Employment:
Like many hard-working Vineyarders who want to remain on the island, Mark Clarke must operate more... [ Read More] |
 |
Renewed Vitality:
Bob Weekes has nurtured his restaurant, the Raw Bar, from a fledgling start-up to the renowned business it is today - an establishment ... [ Read More] |
 |
Increasing Technical Jobs to Preserve the Region's Environment:
The preservation of our region's unique environment has a direct relationship to ... [ Read More] |
|
 |
3.25% Fixed Interest Rate Business Loans
Available to Eligible Town of Barnstable Businesses
Town of Barnstable businesses in need of machinery and/or equipment acquisition, debt refinancing or working capital may be eligible!
Your business must employ five or less including the owner(s), must be for profit and you must be income eligible:
|
1
|
Person Household |
$43,800 |
|
2
|
Person Household |
$50,050 |
|
3
|
Person Household |
$56,300 |
|
4
|
Person Household |
$62,550 |
|
5
|
Person Household |
$67,600 |
Other guidelines apply.
Funds are very limited and applications need to be recieved by ASAP. For more information, please contact Jeannine Marshall at 508-362-3755 or jmarshall@coastalcommunitycapital.org. Other low interest rate small business funding sources available with less eligibility criteria.
Lowest Interest Rates in Years!!
- Since the implementation of the Stimulus Act last year, Coastal Community Capital has utilized programs under the Act to provide millions of dollars in loans to the region's small businesses.
- Many of the loans have been provided in partnership with the U.S. Small Business Administration (SBA). Thanks to the Act, most SBA borrower fees are waived under the SBA's 7a Loan Program, a savings of ~3.75%. Loans can be used for debt refinancing, working capital, business, real estate and equipment acquisition.
- Under the SBA's 504 Program, used for commercial real estate acquisition, rates have been in the 5.1% to 5.5% range.
- Coastal also makes direct loans to small businesses, many with market rate terms. If you don't meet your bank's lending criteria, you might meet ours!
| SBA 504 Rates |
Coastal Interest Rates |
| July, 10 year fixed rate - 3.84% |
6.50% to 7.00% |
| July, 20 year fixed rate - 5.17% |
|
Give us a call today at 508-362-3367
or
email info@coastalcommunitycapital.org
2011 WORKSHOP SERIES
We have begun to plan our 2011 workshops. If you know of a particular subject that would interest you and other small businesses please contact Marcia at 508-362-3367. Also please continue to logon to our website for further updates.
We're Here To Help Small Business
During this economic crunch, Coastal Community Capital is working hard to meet your small business needs. Whether that means offering workshops to help you manage your business better, or partnering with local banks and the SBA to offer you the best rates, Coastal has plenty of resources available to you. Be sure to visit our News, Reports, and Resources page for the most up-to-date information from the IRS and SBA as well as video from last year's workshop series.
We provide business loans to Massachusetts businesses so they can create jobs and grow revenues. Our focus is economic development – job creation and job retention. We train and educate entrepreneurs to be successful in their business.
If you are a small, but growing, business and have a vision of financial success, our low interest business loans and training will help you to grow at your own pace. Are you buying real estate, purchasing equipment, buying a business, refinancing debt, growing your business, in the commercial fishing or seafood business, or don’t have enough money to put down? We provide commercial lending assistance to address a variety of business financing needs in cooperation with local lenders and other partners to Massachusetts businesses. Find out what hundreds of business owners know - we will coordinate your loan with the right lender for you – we are fast, courteous, and effective.
Put simply, Coastal Community Capital finds the way to fill the gap between what a traditional lender is willing to provide and what a business needs to grow. As small businesses strive to meet the challenges of economic growth and change, we will continue to provide loan capital to Massachusetts businesses, especially those in Southeastern Massachusetts, the South Shore, South Coast, and Cape Cod and the Islands as they build commercial ventures and create employment for our population.
Don't forget, in addition to commercial lending, Coastal also provides free business counseling 8:30 to 5:00, Monday through Friday. For Business Plan development and marketing advice, contact Alison to set up an appointment with Senior Management Counselor Cliff Robbins. For lending advice, contact Beth or Jeannine.
And, as always, we invite both businesses and financial partners to participate with us in future opportunities for lending, growth and success.
Call Jeannine Marshall or Marcia Gaudet at 508-790-2921 for further assistance.
Coastal Community Capital is an Equal Opportunity Provider.
Prices, terms and availability subject to change without notice.
|
