Impact Lending is a partnership between LISC Boston, Northeastern University, and LISC Small Business, designed to make financing available to businesses within the City of Boston.
This new program for small business owners will increase local spending, create jobs, grow opportunities for local vendors, and foster economic growth in the community.
This loan fund is for both existing Northeastern vendors and new vendors or small businesses located in Boston and surrounding neighborhoods. We’re working with local lenders to provide small business loans from $1,000 to $1 million. Our financing has flexible rates and terms to meet the needs of small businesses that might not otherwise qualify for traditional bank financing.
Together, we hope to support the growth of your company.
Ways to use financing:
+ Working capital
+ Equipment, inventory, and machinery purchases
+ Tenant improvements and building renovations
+ Real estate purchase
+ Business debt refinancing
Loan products include:
Contract financing from $50,000 to $500,000 for businesses that need a line of credit to fulfill a contract with Northeastern
Microloans from $1,000 to $50,000 for businesses that require short-term loans to expand
Long-term loans from $50,000 to $1 million for companies in business for at least one year