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BDC Capital outlines recycling loan fund: loans $50,000'$500,000, flexible terms to help reuse and recycling businesses
Summary
BDC Capital described the Massachusetts Recycling Loan Fund and other financing products available to recycling and reuse businesses, noting loans typically range from $50,000 to $500,000 with terms up to 10 years and options to work alongside banks or state grants. BDC said reuse businesses are eligible and the fund aims to be flexible for niche
BDC Capital, which manages the Massachusetts Recycling Loan Fund, presented loan options for recycling and reuse businesses during the RMD work group call and encouraged early outreach to discuss financing needs.
Carol Brennan, senior staff at BDC Capital, said the loan fund is intended for Massachusetts businesses engaged in recycling or reuse and is designed to be flexible when conventional lenders cannot meet project needs. Loan amounts commonly range from $50,000 to $500,000 and terms can extend up to 10 years. Brennan said BDC can work with banks, grant awards and other financing to craft a combined solution.
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