Available for existing businesses, new ventures, and businesses relocating to the City of Boston. Loans range from $40,000 to $150,000. Eligible for-profit businesses must be located in the City of Boston.

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Offer

Tax-Exempt Bond Financing

Qualified Boston non-profits and manufacturers can finance their capital needs through the issuance of tax-exempt debt, generally resulting in significant interest cost savings.

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Offer

Small Business Loans

Loans are offered to small businesses located in the City of Boston, those seeking to relocate, or those creating a new enterprise in the City of Boston. The borrower may be a sole proprietor, Limited Liability Company (LLC), partnership or corporation.

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Tax-Exempt Lease Program

Boston nonprofits can take advantage of an affordable energy-savings program with no up-front costs. Approved performance contractor GreenerU can work with museums, universities, healthcare centers, and other 501(c)(3) entities to identify and implement comprehensive energy upgrades.

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Tax Exempt Bonds for Nonprofits

BIDFA offers tax-exempt bonds for nonprofits to finance acquisition and construction, expansion, and capital expenses including equipment, furnishings, and other capital needs. Qualified borrowers can generally achieve significant interest cost savings through tax-exempt debt. The borrower’s credit, not the credit of the City of Boston, BIDFA, or the Commonwealth of Massachusetts, is pledged to repay the bonds.

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Tax Exempt Lease Program

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Taxable Bonds

BIDFA offers taxable bonds to finance acquisition and construction, expansion, and capital expenses including equipment, furnishings, and other capital needs. Qualified borrowers can generally achieve significant interest cost savings. The borrower's credit, not the credit of the City of Boston, BIDFA, or the Commonwealth of Massachusetts, is pledged to repay the bonds.

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Tax-Exempt Industrial Development Bonds

BIDFA offers tax-exempt industrial development bonds for manufacturers to finance acquisition and construction, expansion, and capital expenses including equipment, furnishings, and other capital needs. Qualified borrowers can generally achieve significant interest cost savings through tax-exempt debt. The borrower’s credit, not the credit of the City of Boston, BIDFA, or the Commonwealth of Massachusetts, is pledged to repay the bonds.

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Offer

Tax-Exempt Bonds for Nonprofits

BIDFA offers tax-exempt bonds for nonprofits to finance acquisition and construction, expansion, and capital expenses including equipment, furnishings, and other capital needs. Qualified borrowers can generally achieve significant interest cost savings. The borrower's credit, not the credit of the City of Boston, BIDFA, or the Commonwealth of Massachusetts, is pledged to repay the bonds.

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Offer

Backstreets Loan

Provides financing for Boston companies in the industrial and manufacturing sectors. Loan amounts can reach up to $250,000.

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Standard BLDC Loan

Loans are available for existing businesses, new ventures, and businesses relocating to the City of Boston. The for-profit business must be located in the City of Boston. Loan funds can support working capital, purchase of a new business property, leasehold improvements, business expansion, new equipment and machinery, or expanded inventories. Loans range from $40,000 to $150,000.

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Services

8 services · 3 categorys

Backstreets Loan

$250000.00

BLDC Loan Application Review

30 days

BLDC Loan Consultation

Standard BLDC Small Business Loan

$40000.00

Taxable Bonds

Tax-Exempt Bonds for Nonprofits

Tax-Exempt Industrial Development Bonds

Tax-Exempt Lease Program

About

Hours and details

The Boston Local Development Corporation provides small business loans for residents with a focus on commercial, industrial, and service companies.

Community and government