Coastal Community Capital Apply for a loan online today
5 Patti Page Way, Centerville, MA 02632
Mon - Fri      8:30 AM - 5:00 PM
508 790 2921

USDA/Rural Development

Coastal Community Capital takes advantage of U.S. Department of Agriculture loan and grant program for the certified rural areas of Massachusetts, which includes all of Barnstable, Dukes, and Nantucket Counties. We provide financing through two USDA programs.

Business & Industry Guaranteed Loans

How It Works
B&I Guaranteed Loans are to be lent to businesses providing employment; improving the economic or environmental climate; promote the conservation, development, and use of water for aquaculture; or reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar and other renewable energy systems.
The total amount of Agency loans to one borrower must not exceed $10 million. The maximum percentage of guarantee is 80 percent for loans of $5 million or less,  70 percent for loans between $5 and $10 million, and 60 percent in rare cases when loans exceed $10 million. 
Collateral must be sufficient to protect the interest of the lender and the Agency. Interest rates vary. 

​Why It's Important
The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment, as well as improve the economic and environment climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. 

Community Facilities Loan

How It Works
Loan funds may be used to construct, enlarge, or improve community facilities for health care, public safety, and public services. This can include costs to acquire land needed for a facility, pay necessary professional fees, and purchase equipment required for its operation. Interest rates can be as low as 4.5 percent. Coastal can guarantee Community Facilities Loans made and serviced by traditional lenders and may guarantee up to 90 percent of any loss of interest or principal on the loan. We can also make direct loans to applicants who are unable to obtain commercial credit. 

​Why It's Important
Coastal can make and guarantee loans to develop essential community facilities in rural areas and towns of up to 20,000 in population. Loans and guarantees are available to public entities such as municipalities, counties, and special-purpose districts, as well as to non-profit corporations and tribal governments.

Last updated: May 16, 2012

Lending. Growth. Success.

"This institution is an equal opportunity provider and employer"

Hosting • Design • Development: Community Internet Cape Cod SEO