MFTP Financing Options

 
 
Seeds of Change, 2019 awardee

Seeds of Change, 2019 awardee

Financing Products:

The MFTP provides flexible, customized financing for costs associated with opening or expanding eligible food-access businesses. The amount and type of financing offered depends on the availability of funds within the program at the time of application, the need of the borrower, and the size and expected impact of the project.

Financing packages may include loans, grants, and other funding tools. Decisions are made on a case-by-case basis to appropriately meet the needs of each project. Applications deemed eligible will be underwritten and assessed for reasonableness of projections, capacity to adequately service debt payments, and collateral. The CDFI Administrators are responsible for the credit analysis and final underwriting decisions of the MFTP.

 
 

    • Loans from $15,000 to $300,000 (administrators may have access to additional funds to supplement financing packages)

    • Collateral availability, which may include business and/or personal assets and/or guarantees

    • Three years of operating history is preferred. Start-up financing may be considered when the owner or management team has strong industry experience

    • Profitable or can demonstrate a path to profitability within 18 months

    • Strong, experienced management team

    • Able to provide projections for at least three years including income statements, balance sheets, and cash flows

 
 

    • Grant amounts from $5,000 to $25,000. In the case of large projects (i.e. a new grocery store), larger grants may be considered on a case-by-case basis

    • Three years of operating history is preferred—start-up financing may be considered when the owner or management team has strong industry experience

    • Profitable or can demonstrate a path to profitability within 18 months

    • Strong, experienced management team

      * Please note that while we offer grants ranging from $5,000 to $25,000, grants toward the top of this range are intended to be used in conjunction with a loan from the Mass Food Trust. Grants in the middle and lower range are available for projects and do not require a loan component.