Loans in the amount of
$1,000 to $10,000
Expanding small business opportunities is a fundamental part of Valley’s mission of building social equity. In Western Massachusetts, there is a gap in access to capital that negatively impacts micro and small businesses, especially affecting underrepresented entrepreneurs who are not able to obtain traditional financing.
If being ineligible for traditional financing is preventing you from growing your business to its full potential, Valley is proud to offer flexible loan solutions to support your business growth!
Eligible Loan Purposes: inventory, payroll, rent, and other operating expenses; the purchase of machinery, equipment, and other fixed assets; leasehold improvements, including facade renovations; the establishment of credit.
Business Eligibility
- For-profit corporations.
- Not-for-profit childcare organizations.
- Sole entrepreneurs.
- Partnerships.
- Limited liability companies.
- Must operate in Hampden, Hampshire, or Franklin counties.
Applicant Eligibility
- Borrower must be 18 years of age or older.
- Borrower must have a SSN (social security number) or an ITIN (individual tax identification number).
- Borrower must be current on all federal, state and local taxes (including but not limited to payroll, unemployment, real estate, etc.).
- Borrower must be in good standing with the Massachusetts Secretary of the Commonwealth.
- Borrower must demonstrate (based on the materials presented in the application) an ability to repay the loan.
Application Process
Interested in applying for a Small Business Loan? Completed applications will be reviewed on a rolling basis, and until funds have been exhausted.
After we receive your completed and signed application, we will contact you letting you know we received your application. One of our loan officers will set up a time to speak with you to review your loan request. If we determine that your loan request is eligible for one of our loan programs, we’ll ask you to provide supplemental business and financial information.
Supplemental business and financial documents you may be expected to provide: Written business plan; business financial projections (including assumptions); business cashflow; historic financial statements for existing businesses; personal tax return; business tax return (for existing businesses).
Any additional business owners, with at least a 20% ownership share, will be asked to provide separate personal and financial information.
There is a non-refundable application fee of $75.00.
How to Apply
Digital applications may be submitted through our secure link below.
Physical applications may be dropped off at our office at:
Valley Community Development
256 Pleasant St. Suite A
Northampton, MA 01060
To cover the application fee, please drop off a check made payable to Valley Community Development at our office.
Valley Community Development will follow strict rules to protect your data and confidentiality. The financial and personal data collected through the loan application process, and any other identifiable information, is protected by the Data Privacy Act. Income, city, state, zip code, family size, and other demographic data collected will be protected and encrypted.