COMMUNITY ADVOCATE – Over the past several years, the city’s leaders have made a strong effort to bring large companies to Marlborough. Now, with a new initiative and the support of four local banks, they hope to help new and existing small businesses thrive.
Under the direction of the Marlborough Economic Development Corporation (MEDC), small businesses will now be able to apply for financing that will allow them to fill the gap between loans and the actual amount they need to start or sustain a business.
Avidia Bank, St. Mary’s Credit Union, Marlborough Savings Bank and Digital Federal Credit Union and the MEDC have each pledged $50,000 for the program.
For more information on the program visit marlboroughedc.com/doing-business-in-marlborough/revolving-loan-fund-program.
This article originally appeared here.