Contact Community Teamwork, Inc.
- Address
- 155 Merrimack Street Lowell, MA 01852
- Phone
- 978-459-0551
- Website
- comteam.org
Where they lend
Community Teamwork, Inc. is an SBA-approved microloan intermediary serving Massachusetts.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Community Teamwork, Inc., who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Community Teamwork, Inc. will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
Other microloan lenders in Massachusetts
- Accion East, Inc.
- Common Capital Inc.
- Dorchester Bay Neighborhood Loan Fund
- Jobs for Fall River Inc.
- Massachusetts Growth Capital Corporation
- New Bedford Economic Development Council, Inc
- North Central Massachusetts Development Corporation
- RCAP Solutions Financial Services
- South Eastern Economic Development Corp/SEED
- The Economic Development and Industrial Corporation of Lynn
