Resources for Growing Your Business

Financial Resources: Loans & Grants

Accion is the largest nationwide nonprofit lending network in the United States. They provide small business loans between $500 - $50,000. 

More information here:

For information on loans in the US: (866) 245-0783



In a specified district of downtown, prospective tenants can apply for a rent subsidy of up to $500 per month & professional support for 1 year through the pilot program Lease It Local. More details at:

Main office number: (413) 781-1591

1. For small business loans up to $15,000 with up to 50% forgivable

2. For storefront improvement grants up to $10,000

Please note: Both programs typically requires up to 1 year in business

More information here:

Main office number: (413) 787-6020

Location: 70 Tapley Street, Springfield, MA 01104



For established restaurateurs located or locating in specified downtown district up to $200,000 flexible low interest loan (Can be used for working capital).

  • For existing businesses, loans up to $50,000 with a decision typically within 48 hours and cash within a week; borrowers also receive free 1-on-1 business assistance

  • For loans between $1,000 - $300,000, interest rates fall between those charged by banks and credit card rates. Loans are accompanied by free 1-on-1 business assistance

  • For food, beverage, brewery and hospitality businesses seeking loans - Samuel Adams Brewing the American Dream & Common Capital Partnership


More information at:

​Main office number: (413) 233-1680

Location: 120 Maple St, 4th floor, Springfield MA


The goal of this highly successful program is to promote safe and healthy conditions in the workplace through training, education, and other preventative programs. More information at:

Inner City Capital Connections (ICCC) is a tuition-free executive leadership training program designed by the Initiative for a Competitive Inner City (ICIC) to help business owners in economically-distressed areas build capacity for sustainable growth in revenue, profitability, and employment. It is the only program of its kind to provide three critical elements for sustainable growth:

  • Capacity-building education

  • One-on-one coaching

  • Connections to capital and capital providers.

Aimed at ensuring the long-term growth of inner city businesses, our program helps business owners provide local residents and surrounding anchor institutions with vital services, create jobs, generate wealth, and help drive economic growth in their own communities.


Phone: (617) 238-3038


For crowdfunded 0% loans up to $10,000

More info at:



  • Loan amounts from $5,000 to $1,000,000

  • They offer: term loans, lines of credit, contract financing, guarantees & managerial guidance

  • Lend directly to companies and will cooperate with other funding providers

  • They lend to most industries


More information at:

Statewide Office Phone: 617.523.6262


The Massachusetts Manufacturing Energy Collaboration (MassMEC) is a new initiative created to decrease the energy bills of commercial, industrial, and municipal entities.  more information here:

For available tax incentive programs (Available for companies expanding or relocating in MA). 

More info at:


Western Mass Regional Director: Debra Boronski



For financing of equipment, real estate acquisition, build out, pre development needs, or manufacturing growth.  

More information at:

Western Mass Springfield Office Phone: 413-731-8848

General Information: (800) 445-8030


The Fund is designed as an alternative for borrowers who may not qualify for more traditional bank financing.  We offer competitive interest rates, flexible terms, and loan amounts ranging from $1,000 to $250,000. Loans are available for all types of local farm and food businesses– farms, restaurants, food retailers, food processors, wholesalers, and others. 


More information at:

Phone: (413) 665-7100

Email:   or


For U.S. Small Business Administration (SBA) Approved bank lenders, go to

​Includes links and information on federal, state, local, CDC, bank and other alternative financing:

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