August 7 Info Session on Emergency Loan Fund for Businesses Impacted by Cape Cod Tornado Damage

Filed Under: More News

WHAT: Last week, the Baker-Polito Administration announced economic support for businesses impacted by the July 23 tornado on Cape Cod with a new $1 million emergency loan fund. This week’s info session will provide an overview of the loan, which has a quick turnaround time and offers a low 3% fixed interest rate for life of loan. Coastal Community Capital will be on hand to offer assistance with applications.
WHEN: 8 a.m. on Wednesday, August 7
WHERE: Hampton Inn & Suites Cape Cod, 99 Route 28, West Yarmouth
The workshop is being held in partnership with the Cape Cod, Chatham, Dennis, Harwich and Yarmouth Chambers of Commerce.
If you are unable to attend, but would like to apply for assistance, please complete the application found here. Completed applications can be sent via email to jmarshall@coastalcommunitycapital.org with the subject line “2019 Cape Cod Small Business Emergency Loan Fund”. Massachusetts Growth Capital Corporation (MGCC) capitalized the fund and will administer it, partnering with Coastal Community Capital and the Cape Cod Chamber of Commerce for outreach and to address local needs.  Prices, terms, and conditions are subject to change without notice.
Contact Coastal Community Capital to learn more:
Phone: 508-362-3755
Email: jmarshall@coastalcommunitycapital.org
Coastal Community Capital is a community development financial institution.  Since 1995, Coastal has supported Massachusetts businesses, providing millions of dollars in loans and creating and retaining over 5,000 jobs. Coastal lends directly, and if necessary, partners with the SBA providing up to 25 year, low, fixed interest rates for real estate acquisition and debt refi.  Loans range from $5,000 to $20,000,000. Coastal also provides business training through one-on-one mentoring and year-round workshops.

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