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Massachusetts Growth Capital Corporation

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  • Massachusetts Growth Capital Corporation (MGCC) functions as a one-stop resource for debt financing for small businesses.
  • Provides a variety of financing options, including microloans and emergency loans
  • Technical assistance grant program also available

About

Massachusetts Growth Capital Corporation (MGCC) functions as a one-stop resource for debt financing for small businesses. MGCC focuses works to empower these businesses and encourage economic growth throughout the Commonwealth, with special paid attention to business needs in underserved areas, Gateway Cities and low to moderate income communities.

Who’s it for?

Small businesses in Massachusetts

Mission

The purpose of MGCC is to create and preserve jobs at small businesses, inclusive of those owned by women, minorities, immigrants and veterans.

Resources & Services

Financial Products

MGCC provides individualized service to identify and structure solutions for small businesses. Loan amounts range from $5,000 to $1 million, and financing is accompanied by managerial guidance.

SBA Microloan Program

MGCC is one of only two statewide intermediary lenders for the U.S. Small Business Administration’s Microloan program. This program provides loans from $5,000 to $50,000.

Diversity Programs

These programs providing access to capital for businesses owned by minorities, women, and veterans. Loans of between $25,000 and $500,000 are available.

Small Business Technical Assistance Grant Program

This competitive grant program for nonprofit technical assistant providers builds operational capacity and skills to support critical services to small businesses, including education, training and access to capital.

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