EMERGENCY RELIEF LOANS
Loans are immediately available to eligible businesses with no payments due for the first 6 months.
loan infoHUNGRY? EAT LOCAL!
Lots of Hull restaurants are open for delivery and curbside takeout! Check out all the places you an eat!
food infoBusiness Owners, Entrepreneurs, Independent Contracts and the Self Employed are Invited
Join our weekly Zoom Meeting on Wednesdays at 4:00 pm
RSVP
Please RSVP to info@hullchamber.com to receive ZOOM meeting information. If you are unable to participate, please email questions to president@hullchamber.com and we will post answers as they become available.
Massachusetts Small Business Relief Fund
The Baker-Polito Administration has announced economic support for small businesses with a $10 million loan fund to provide financial relief to those that have been affected by COVID-19. The $10 million Small Business Recovery Loan Fund will provide emergency capital up to $75,000 to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits. Loans are immediately available to eligible businesses with no payments due for the first 6 months. Massachusetts Growth Capital Corporation (MGCC) has capitalized the fund and will administer it.
How to Apply
* Please complete the application found on MGCC’s website, EmpoweringSmallBusiness.org
* Completed applications can be sent via email to mgcc@massgcc.com with the subject line “2020 Small Business Recovery Loan Fund”.
Loan Fund Details
* Who Qualifies: Open to Massachusetts-based businesses impacted by COVID-19 with under 50 full- and part-time employees, including nonprofits (negative impact must be verifiable).
* Terms and Conditions: This fund is being offered with no payments due for the first 6 months, then 30-months of principal and interest payments and no prepayment penalties.
* Businesses can apply for loans up to $75,000.
