Microlending Operations Support Grant
Forecasted
Microlending Operations Support Grant supports Massachusetts nonprofit community lenders by funding microlending operations and loan-readiness assistance to help small and microbusinesses prepare for financing.
Funder: MassDevelopment
Due Dates: No deadline specified
Funding Amounts: Award amount not specified
Summary: Supports certified nonprofit community lenders providing loan-readiness assistance to Massachusetts small and microbusinesses.
Key Information: Applicants must be certified community lenders; this grant shares an application with the Lending Capital Matching Grant Program.
Description
MassDevelopment’s Microlending Operations Support Grant strengthens the lending operations of certified nonprofit community lenders across Massachusetts. It helps lenders expand loan-readiness technical assistance for local small and microbusinesses, particularly those that need support before they are ready to seek a loan. The focus is on lenders’ operations and services, rather than lending capital.
The grant is offered as a single application opportunity with the Lending Capital Matching Grant Program. Through that shared process, applicants can request operations support and, where applicable, lending capital support. The programs are intended to strengthen both the assistance available to businesses preparing for financing and the capital available for lending.
