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Community Business Loan

Lawrence Venture Loan Fund


MCCI has partnered with the Lawrence Venture Loan Fund to co-offer small business loans to Lawrence-based existing and start-up businesses that cannot currently access financing from a traditional bank or credit union lender.

For more information, contact Kristin Wallace, Commercial Lender, at (978) 252-2478 or Schedule a loan consultation appointment here: select appointment.

To Qualify Businesses Must Demonstrate

  • The business owner(s) are 18 years of age or older

  • The business is located in Lawrence, MA

  • The community would benefit from the business project

  • 20% investment into the business by the business owner

  • Willingness and capability to repay the loan

  • Business industries not applicable- Cannabis, Adult Entertainment, Firearms, Pyramid based, Real Estate/Stock speculation


  • Amount: $5,000 to $100,000

  • Terms: 1 to 5 years

  • Interest Rate: Fixed, 3 points above WSJ Prime Rate at time of loan closing

  • 1% Closing fee

  • No Application Fee


The Lawrence Venture Loan Fund is capitalized by 11 financial institutions committing $100,000 each to create a $1.1 million fund available for local lending. Essex County Community Foundation supports loan loss reserves to offset the risk of the loans and MCCI administers the loans and the program in close partnership with the Lawrence Partnership.

Anchored by private capital and completed through close collaboration among other core partners, the Lawrence Venture Loan Fund represents what is possible through a shared vision and investment.

Loan recipients also benefit from additional technical assistance provided by MCCI and other partners that are part of our small business coalition.

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