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Small Business Financing

We provide loans to support entrepreneurship, job creation, and the revitalization of Boston’s neighborhoods.

For questions and submission information, contact:

Economic Development
Boston City Hall, Room 717
Boston, MA 02201

About

We offer financing for a wide range of purposes. These include working capital, startup costs, equipment purchases, and business expansion. We can also connect you with technical assistance and key resources.

Our program is committed to:
  • Supporting women, minority, immigrant, and veteran-owned enterprises
  • Supporting businesses that improve their communities and the lives of residents
  • Supporting the creation of jobs for low-to-moderate-income households in Boston
  • Collaborating with public, private, and nonprofit partners to create shared opportunities

Small Business Expansion

Requirements and review

When applying for financing, you will be asked to submit the following:

  • a completed application (NBAP or MFAP), which must be signed and dated
  • a completed business plan, with the information listed in the application checklist, and
  • a completed application checklist, with all documents attached.

Our Small Business Unit can help you with your business plan!

We cannot process unsigned or incomplete application packages. After submitting your application, we will notify you of any missing documents. Additional meetings may be required to ensure we understand your financial needs. Please allow up to thirty (30) days for financing approval, and sixty (60) days for the completion of all final paperwork. 

Please send signed applications, personal financial statements, and supporting materials by email or mail to:

Austin Williams
Mayor’s Office of Economic Development
Boston City Hall, Room 717
Boston, MA 02201

About CDBG Funding

The Community Development Block Grant (CDBG) program is a flexible program, developed by the U.S. Department of Housing and Urban Development (HUD). It provides communities with resources to address a wide range of unique community development needs.

History of the program

Beginning in 1974, the CDBG program is one of the longest continuously run programs at HUD. Each activity undertaken by a locality must meet one of CDBG’s national objectives. That means that it must:

  • principally benefit low-to-moderate-income (LMI) persons
  • eliminate or prevent slum and blight conditions, or
  • meet other urgent community development needs.