Where funding is available, The Economic Development Agency is empowered to make recommendations to the Town Council regarding financial assistance in the form of low interest loans. Loan rates vary based on the Federal Home Loan Bank Boston Rates with the minimum rate set at 2%. Loan terms are from one to five years and closing costs are very low. Maximum loan amount is currently set at $40,000.00. Loans are based on the availability of funds.
Click on the link below to download an application for this program.
Contact Cal Hauburger, Director of Economic Development, via email or at 860-793-0221 x330 for more information.