
Community Business Loan
Haverhill Partnership Venture Fund

The Haverhill Partnership Venture Fund is a collaboration between Mill Cities Community Investments and four other local financial institutions: Align Credit Union, Enterprise Bank, Haverhill Bank, and Pentucket Bank.
MCCI has partnered with the Haverhill Partnership Venture Fund to co-offer small business loans to Haverhill-based existing and start-up businesses that cannot currently access financing from a traditional bank or credit union lender.
For more information, contact Saul Peña, Business Development Lending Officer, at (978) 252-2547 or saul.pena@mccinvest.org.
To Qualify Businesses Must Demonstrate
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The business owner(s) are 18 years of age or older
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The business is located in Haverhill, MA
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The community would benefit from the business project
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20% investment into the business by the business owner
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Willingness and capability to repay the loan
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Business industries not applicable- Cannabis, Adult Entertainment, Firearms, Pyramid based, Real Estate/Stock speculation
Details
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Amount: $10,000 to $75,000
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Terms: 1 to 5 years
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Interest Rate: Fixed, 3 points above WSJ Prime Rate at time of loan closing
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1% Closing fee
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No Application Fee