Holyoke, MA- The Holyoke Economic Development and Industrial Corporation (HEDIC) will be hosting a virtual information session for small businesses interested in learning more about the MakerLoan Program on September 13th at 12pm.
To register for the session please visit: https://docs.google.com/forms/d/e/1FAIpQLSe6K6y3KL3qEu275YUNmwUA_gWzBEXdphH-aZs-BH8GLxOjzw/viewform?usp=sf_link
What is the MakerLoan?:
- No interest loan for Makers that is intended for entrepreneurs or micro-businesses that cannot access typical financial services; intended to build borrower’s financial history and help formalize the business.
- For: Entrepreneurs, sole proprietorships, and micro-businesses which employ 5 or less people. Goal is to support business growth and to support development of the ‘Maker’ ecosystem in Holyoke.
- Uses: Start-up costs – typically incurred within the first 3 years of operations, pre-profit, before businesses can qualify for traditional capital – and other small, short-term expenses.
- Amount: Up to $25,000
- Term: Up to 5 years
- Interest Rate: 0 %
- Collateral: Minimum for an all asset security lien on business and personal guaranty
For more information:
https://www.holyoke.org/makerloan/
Marie Brazeau, Development Specialist
brazeaum@holyoke.org or (413) 322-5655