Microloan Fund

Get your business started with a FROED Microloan

SBA_logo

The Fall River Office of Economic Development (FROED) offers Fall River businesses affordable financing through an in-house Microloan Fund. This innovative financing tool targets startup ventures and existing small businesses that cannot otherwise obtain conventional financing.

Microloan Facts

  • interest rate is fixed
  • loan term is up to 6 years
  • loan may fund total project cost
  • maximum loan amount is $50,000
  • collateral required

Eligibility Criteria

  • Fall River business (startup, relocation or expansion of existing business)
  • fewer than 500 employees
  • less than $3.5 million in revenues

 

 

Download the application here

Have a question? Ask us! or Call FROED at 508.324.2620
Fields marked with an * are required

Theme by Anders Norén