• Lawrence Partnership

Lawrence Venture Fund expands to $2.5 million

Actualizado: 8 de abr de 2019

by Lisa Kashinsky, Eagle Tribune

The initial $1 million in the venture fund was provided by four contributors – Eastern Bank, Enterprise Bank, TD Bank and the Merrimack Valley Federal Credit Union – each of whom committed $250,000. On top of that, the city of Lawrence contributed $100,000 to serve as a loan loss reserve fund should a loan go into default.

It's managed by Mill City Community Investments, a community development financial institution that provides loan programs and technical assistance to low- and moderate-income communities.


10 vistas0 comentarios

420 calle común
Lawrence, MA 01840

(978) 655-5824

  • Facebook
  • Twitter
  • LinkedIn