Loan & Grant Programs
FRARPA GRANT
SMALL BUSINESS RECOVERY GRANT PROGRAM
Designed to distribute funding to local small businesses who incurred interruption and loss from COVID-19.
- Business with less than 10 employees
- Operating in Fall River
- <$750,000 in annual net revenue (19-20)
- Used toward rent, fixed debts, accoutnts payable, machinery, and working capital.
EDA LOAN
ECONOMIC DEVELOPMENT AGENCY
Provides gap financing opportunities to startup ventures and existing small business.
- Must be located in Fall River
- As low as 5% - 10% interest rate
- Funds can be used for acquisition of land, buildings, equipment, machinery, fixed assets, and working capital needs.
BRLF LOAN
BUSINESS REVOLVING LOAN FUND
Provides gap financing opportunities to startup ventures and existing business.- Business must be in Bristol County
- As low as 5% - 6% interest rate
- Funds can be used for acquisition of land, buildings, equipment, machinery, fixed assets, and working capital needs.
Why choose BCEDC?
Obtaining a loan from a bank or private capital for small businesses can sometimes be impossible. We’ll handle the hard parts so you can focus on your business.
“We had initially approached our own bank for the loan and they said that despite having good credit, their policy is not to lend to used car dealers! BCEDC is much more open-minded and really invested in improving the economic viability of the Southcoast. It is really an invalauble resource for small businesses in the area. Everyone at the BCEDC office was helpful during the loan application and closing process and I highly recommend their services to other business owners in the region!”
SUE CARDELLO, SUE’S AUTO SALES & SERVICE
BY THE NUMBERS
The BCEDC have helped hundreds of businesses in Bristol County.| Loans Given | 75+ Million |
| Businesses Helped | 650+ |
| Private Investments | $137,547,633 |
| Jobs Created | 15,000+ |
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