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Community Business Loan

Rhode Island Loan Fund

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At MCCI, we are proud to support Rhode Island’s small business entrepreneurs and foster partnerships with state and local entities, including the Rhode Island Foundation.

As your local Community Development Financial Institution (CDFI), our objective is to empower entrepreneurs like you by deploying resources that historically were not available. We offer a suite of services and products, including loans, investments, advisory services, and advocacy for small businesses—all tailored to nurture generational wealth and bridge the racial wealth gap.

 

Our commercial staff specializes in crafting effective solutions to deliver resources aligned with your business goals. We embrace an innovative, flexible approach to our financial products, recognizing the uniqueness of each small business. We are committed to meeting you where you are, understanding your needs, and finding the most impactful ways to support and grow your business in Rhode Island.

 

For more info on how we can support your capital needs, contact Aaron Lackman, Commercial Services Manager, at (978) 252-0990 or aaron.lackman@mccinvest.org. Schedule a 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 Rhode Island

  • Willingness and capability to repay the loan

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

Details

  • Amount: $5,000 to $500,000

  • Terms: Up to 5 years

  • Interest: Competitive rates

  • 1% Closing fee

  • No Application Fee

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