MA · State guide

Business loans in Massachusetts

Massachusetts businesses can reach three separate pools of money: lenders that publish availability here, the state's own financing programs, and federal SBA lending through local participants. We have 14 state programs on file with published terms, and 3 still linked from live government pages that are no longer open.

10 cities covered Checked 14 Sep 2026
Get funding in Massachusetts See the shortlist

Where to start in Massachusetts

No lender here publishes a state-by-state availability list naming MA, so this is the directory ranked by how much each one puts on the record. Absence from a list nobody publishes means nothing.

  1. 100%

    Forward Financing

    $5K – $500K Same day Credit from 500
    9/9 on the record
  2. 100%

    ROK Financial

    $10K – $5M 1-3 days Credit from 500
    9/9 on the record
  3. 100%

    South End Capital

    $1K – $5M Same-day funding available Credit from 650
    9/9 on the record
  4. 89%

    Bizcap US

    Up to $2M Same day Credit from 550
    8/9 on the record
  5. 89%

    ByzFunder

    Up to $500K Same day Credit from 525
    8/9 on the record
  6. 89%

    Fora Financial

    $5K – $1.5M As little as 24 hours Credit from 570
    8/9 on the record
  7. 89%

    Fox Business Funding

    Up to $1M As little as 2 business days Credit from 550
    8/9 on the record
  8. 89%

    National Funding

    $6K – $500K As fast as 24 hours Credit from 600
    8/9 on the record
  9. 89%

    Straight Line Source

    Partner
    $5K – $10M Same day Credit from 500
    8/9 on the record
  10. 78%

    Biz2Credit

    $25K – $2M Decision as fast as 24 hours Credit from 650
    7/9 on the record
  11. 78%

    CAN Capital

    $2K – $400K As fast as the next business day Credit from 600
    7/9 on the record
  12. 78%

    Credibly

    $5K – $10M As fast as 4 hours after approval Credit from 550
    7/9 on the record
published not published Ordered by disclosure, not by what anyone pays us. The score is a count of what a lender publishes, not a rating of the lender.

Lenders that exclude Massachusetts

A published no is worth as much as a published yes, and almost nobody shows it.

Biz2Credit

What Massachusetts itself funds

Working Capital Loans (term loans and lines of credit)Administered by MassDevelopment (Growth Capital Division, formerly MGCC). "everyday expenses for your small business" - payroll, inventory, software, utilities; stabilization and expansion working capital. Published amounts: Term loans: "up to $2 million", rate "10% fixed", "12-months interest only followed by a 10-year term", fees "1% due at commitment and 1% due at closing". Lines of credit: "up to $2 million", rate "BoA prime rate plus 1.75%", "2-point commitment fee". Eligibility as published: Business headquartered in Massachusetts; real estate, startups and illegal businesses excluded; personal guaranty required from owners with 20%+ equity.
Microloan ProgramAdministered by MassDevelopment (Growth Capital Division). Working capital or asset purchases for small businesses. Published amounts: "$5,000-$100,000"; "up to 6 years" amortization. Eligibility as published: Existing businesses actively operating for at least 12 months; "Minimum personal credit score of 575"; Massachusetts-headquartered.
Equipment LoanAdministered by MassDevelopment. Equipment purchases for business expansion. Published amounts: "$100,000-$3 million"; "up to 7 years"; "up to 100% LTV".
Commercial Real Estate LoanAdministered by MassDevelopment. Facility acquisition, renovation, construction and permanent financing. Published amounts: "Up to $10 million"; "up to 90% LTV".
Emerging Technology FundAdministered by MassDevelopment. Expansion, working capital or equipment for technology companies. Published amounts: "Up to $4 million".
Real Estate Enhancement FinancingAdministered by MassDevelopment. Purchase or refinance of owner-occupied commercial property. Published amounts: "Up to $2 million"; "5-year term"; "up to 90% LTV".
Real Estate Tax Credit Bridge LoanAdministered by MassDevelopment. Bridge financing against historic rehabilitation or Housing Development Incentive Program (HDIP) tax credits. Published amounts: "Up to $4 million".
TechDollarsAdministered by MassDevelopment. Technology equipment purchases for nonprofit organizations. Published amounts: "$25,000-$500,000"; "up to 100% of costs". Eligibility as published: 501(c)(3) nonprofit organizations.
State Small Business Credit Initiative (SSBCI) loans and guaranteesAdministered by MassDevelopment. Real estate acquisition, construction and renovation; real estate improvements, working capital and leasehold improvements; equipment. Guarantees on loans for real estate, equipment and leasehold improvements. Emphasis on SEDI-owned businesses and CDFI Investment Areas. Published amounts: Real estate acquisition/construction/renovation: "Up to $10 million". Real estate improvements, working capital, leasehold improvements: "Up to $2 million". Equipment: "$3 million maximum", "$100,000 minimum". Guarantees: "Up to 50% of loan amount". Terms described as "extremely flexible terms where necessary to make projects happen, for example: subordinated positions, LTV>100%, interest rate reductions to cover debt service, leasehold improvement loans, etc." No interest rate published. Eligibility as published: "All SSBCI projects must also have a loan from a private lender (bank or credit union) with exposure equal to or greater than the amount provided by SSBCI."
Brownfields Redevelopment FundAdministered by MassDevelopment. Environmental site assessment and remediation of brownfield sites. Published amounts: Site assessment: "up to $250,000" (unsecured, interest-free). Remediation: "up to $750,000". Eligibility as published: CDCs, nonprofits, EDICs and municipalities for publicly owned sites with an identified developer.
Small Business Technical Assistance (SBTA) Grant ProgramAdministered by MassDevelopment (Growth Capital Division). Grants to organizations that deliver technical assistance and business support services to small and microbusinesses. Published amounts: "Up to $150,000" for FY27. Eligibility as published: Certified CDCs, CDFIs and nonprofits with established small business programs.
Lending Capital Matching Grant Program / Microlending Operations Support GrantAdministered by MassDevelopment (Growth Capital Division). Lending Capital Matching: grants to expand access to business loan products for small and microbusinesses. Microlending Operations Support: loan-readiness technical assistance. Eligibility as published: Certified CDCs, CDFIs, SBA microlenders (and USDA microlenders for the operations support grant).
Early Education and Out of School Time (EEOST) Small Grant ProgramAdministered by MassDevelopment. Child care facility development and improvements. Published amounts: "$200,000 - $499,999". Eligibility as published: Tax-exempt nonprofit corporations, or organizations in which nonprofits hold a controlling interest; facilities serving at least 50% low-income families.
Cultural Facilities FundAdministered by MassDevelopment with the Massachusetts Cultural Council. Capital grants, feasibility and technical assistance, and systems replacement for cultural facilities. Eligibility as published: 501(c)(3) cultural organizations; facilities must be publicly accessible; all grants require matching funds.

Programs you may still see linked that are not open

Each of these is still reachable from a live government page, and none of them is currently accepting applications. A live link is not an open program, and finding that out after you have built a plan around one costs weeks.

Biz-M-Power (crowdfunding matching grant)EXPIRED WINDOW STILL LINKED FROM A LIVE STATE PAGE. MassDevelopment's grant page states "The deadline to submit an application has passed." Nonetheless Biz-M-Power is still listed as a current program on the Commonwealth's EOED programs page (https://www.mass.gov/info-details/eoed-programs-and-grants-business-and-innovation), attributed to MGCC and linked to empoweringsmallbusiness.org.
Family Child Care Capital Grant ProgramCLOSED: "This grant application closed on Friday, October 31, 2025." Still listed on the live grant programs page.
Community Health Center Decarbonization Planning Grant ProgramCLOSED: "2025 Community Health Center Decarbonization Planning Grant Program application process is now closed." Still listed on the live grant programs page.

Federal money behind these programs

Massachusetts was allocated $168,591,178 under the federal State Small Business Credit Initiative, which is what funds most of the credit enhancements above. SSBCI money reaches businesses through participating lenders rather than from the state directly, so the application still goes through a bank or a CDFI.

What we could not confirm

MASSACHUSETTS ORGANISES BY TOWN AS WELL AS CITY. Massachusetts has no unincorporated territory: every acre is inside one of 351 cities or towns, and towns are full municipal corporations with the same standing as cities. The 80 municipalities above are ALL cities AND towns with 2020 census population of 25,000 or more; where the entity is a town (or one of the hybrid 'city known as the Town of X' municipalities) that is recorded in county_note. Massachusetts also has no functioning county government in eight of its former counties (including Middlesex and Suffolk), so 'county' here is a geographic designation only, not an administrative one. Just below the 25,000 threshold and excluded: Westford 24,643; Canton 24,370; Hingham 24,284; Middleborough 24,245; Acton 24,021. AGENCY CHANGE: the Massachusetts Growth Capital Corporation (MGCC) merged into MassDevelopment effective February 18, 2025 and became its Growth Capital Division; MGCC's site (empoweringsmallbusiness.org) now 302-redirects to massdevelopment.com. The Commonwealth's own EOED programs page (https://www.mass.gov/info-details/eoed-programs-and-grants-business-and-innovation) still lists MGCC as a separate administrator and still links to empoweringsmallbusiness.org URLs, so several 'MGCC' links on live state pages are stale. Program amount figures for the MassDevelopment loan products come from the products table on massdevelopment.com/products-and-services/financing/loans/ - that page publishes sizes and LTVs but not interest rates for most products, so rates are recorded only where actually published (working capital).

Headquartered in Massachusetts

Where a lender is based says nothing about where it lends. It is here because businesses ask.

Forward Financing

Cities in Massachusetts

BarnstableBostonBrocktonCambridgeLowellLynnNew BedfordQuincySpringfieldWorcester

More for Massachusetts

GuideFunding a business in Massachusetts: a quasi-public lender of last resort, and no disclosure statute Massachusetts Growth Capital Corporation lends to businesses that cannot get conventional credit. The state has not legislated on commercial financing disclosure.

Business funding in Massachusetts — common questions

Can I get business funding in Massachusetts?

Yes. 12 funders in this directory serve businesses in Massachusetts, and 0 of them name Massachusetts explicitly in their published availability rather than being included by default.

Does Massachusetts require lenders to disclose the cost of business financing?

Massachusetts's position is set out on this page. As of 2026 only a small number of states require a commercial financing disclosure, and in the rest you will not receive one — which means you have to ask for the total dollar cost, the term and every fee in writing yourself.

Are there state programmes for small business capital in Massachusetts?

3 state-level programmes are recorded here with a link to the administering agency. Programmes open and close, so confirm the current position on the agency's own site before relying on one.

Is a merchant cash advance legal in Massachusetts?

Commercial financing generally sits outside the consumer credit rules most people have heard of, and most state usury caps do not reach business-purpose transactions. What varies is disclosure, broker registration and lender licensing. This is general information, not legal advice for your situation.

How do I check for liens filed against my business in Massachusetts?

Through Massachusetts's UCC filing office, which is named on this page. Search your exact registered entity name — a filing under a slightly different name will not come back, and neither will a stale one nobody terminated.

Which lenders will not fund in Massachusetts?

Where a funder publishes an excluded-states list, this page shows it. Many publish nothing, which is not the same as being available — it means you have to ask.

Does being based in Massachusetts change what I pay?

Not directly in most cases. What changes is what you are told before you sign, and what recourse you have afterwards, both of which depend on your state's rules and on the jurisdiction clause in the contract.

What should I have ready before applying?

Three months of business bank statements, your time in business from a verifiable date, average monthly deposits, your entity's good standing, and a clear figure for what you need and what for.

How current is this page?

Every figure carries the date it was checked. Where a check has passed its review date the page says so rather than presenting as current.