SBA Disaster Loan Assistance Released

SBA Disaster Loan Assistance Funds are now available for eligible New Bedford businesses and non-profits. Small businesses can apply directly to SBA and the application is processed online via
Here is the step by step guide from the SBA.

News from the Governor’s Office
The Baker-Polito Administration 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 fund provides emergency capital up to $75,000 to 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. Please complete the application found on MGCC’s website:

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