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Rockland Trust Community Development, LLC
Rockland MACDFI Awards for Rockland Trust Community Development, LLC
NMTC (2003) - $30,000,000
Rockland Trust Community Development LLC (Rockland) will use its NMTC allocation to support real estate and non-real estate business lending targeted at low-income communities in the four southeastern Massachusetts counties of Barnstable, Bristol, Norfolk, and Plymouth. The NMTC allocation will permit Rockland to enhance the current lending offered through Rockland Trust Company by extending business credit on more favorable and flexible terms than typically offered with respect to interest rate, loan to value limits, amortization schedule, and debt service coverage. In conjunction with its lending activities Rockland will also provide financial counseling to businesses within low-income communities, both to assist them with NMTC requirements and to assist them in obtaining complementary equity and debt financing from other public and private sources.
Other Community Development Financial Institutions in Massachusetts
ACCION USA
Boston
AI Wainwright LLC
Boston
BCLF Ventures II, LLC
Boston
Institute for Community Economics
Springfield
Jobs for Fall River, Inc.
Fall River
Local Enterprise Assistance Fund
Brookline
MHIC, LLC
Boston
NOAH Community Development Fund, Inc.
East Boston
UECDF Corporation
Roxbury
WCHR Securities, Inc.
Worcester
YouthBuild Loan Fund
Somerville
Featured Government Grant Resources
Small Business Administration's Portable Assistance Program
The Small Business Administration has established the Portable Assistance Program wherein they seek to provide grants to Small Business Development Lead Centers that provide services to small businesses in an effort to increase the success of small business establishments and their viability in certain communities where economic hardship is apparent and is attributable to the impact of a major disaster.
Small Business Administration's Loan Guarantees Program
The Small Business Administration has established the Loan Guarantees Program wherein they aim to be able to provide guaranteed loans to small business establishments which are not capable of acquiring financing from a private credit marketplace but greatly manifests the ability to repay funds in a timely manner.
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