Business Loans for Small Businesses
Quaboag Valley Business Assistance Corporation, (QVBAC) makes loans from $500 to $200,000 to existing and startup businesses operating within our area that cannot access equivalent funding through conventional resources. Our goal is to help close the gap when conventional lending is not an option or does not fully meet your busoness needs.
Who we work with: We support businesses that may not be able to access financing through a traditional bank, including situations such as:
- Limited or no credit history
- Credit challenges
- Lack of collateral
- Early-stage or pre-venture businesses
- A funding gap after a bank decision
Applicants are required to first seek financing through a bank. If a bank is unable to approve your loan or fully meet your funding needs, you may then apply for QVBAC financing.
Is this the right fit? You may be a good candidate if:
- You are starting or growing a business in our service area
- You have been turned down by a bank or cannot secure full financing
- You need flexible lending options to support your business goals
We serve businesses located in: Belchertown, Brimfield, Brookfield, Charlton, Dudley, East Brookfield, Hardwick, Holland, Monson, New Braintree, North Brookfield, Oxford, Palmer, Spencer, Southbridge, Sturbridge, Wales, Ware, Warren, and West Brookfield.
How to apply: To begin, complete and submit our Business Loan Application. Once reviewed, our team will follow up with next steps and any additional required documents.
Additional forms required (if approved):
Personal Financial Statement
Authorization for Credit
Management Check List
Loan Recipient Employee Information
Racial Status Information Block for Ultimate Recipients
If you have any additional questions about eligibility or the application process, please call us at 413-497-4405, or reach out through our website for more information.
To file a complaint of discrimination, write USDA, Director, Office of Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410 or call (202) 690-7442 (voice and TDD).
The Quaboag Valley Community Development Corporation, with Quaboag Valley Business Assistance Corporation, are equal opportunity lenders, providers and employers.
QVCDC offers business planning and development for start-up and established businesses. For more information go to our Business Development Pages.
With Funding from CDFI, USDA, MassDevelopment, and LiSC Massachusetts
