Northeastern University has partnered with LISC Small Business and LISC Boston to make financing available to small businesses in Boston and surrounding areas. This partnership will help small businesses get the financing to purchase supplies, hire employees, and make other business investments. The goal: to increase opportunities for local vendors, boost spending in our communities, create jobs, and foster economic growth.
Northeastern has worked with community-based vendors for decades and is a committed partner in supporting opportunity in Boston.
The Local Initiatives Support Corporation, or LISC, is one of the nation’s largest organizations supporting projects to revitalize communities. As one of its initiatives to improve financial stability, LISC provides flexible financing and loan support to help small, for-profit businesses in underserved neighborhoods.
Advancing Your Business
Impact Lending provides loans of $1,000 to $1 million to vendors and small businesses in Boston and surrounding neighborhoods. The program has flexible rates and terms to meet the needs of small businesses that might not otherwise qualify for traditional bank financing.
Together, we can increase your company’s growth.
Contract financing from
$50,000 to $500,000
for businesses that need a line of credit to fulfill a contract with Northeastern
Microloans and Kiva loans from
$1,000 to $50,000
for businesses that require short-term loans to expand
Term loans from
$50,000 to $1 million
for companies that require a larger capital injection with a 7- to 10-year term
Lending Rates of 0% to 7%
Ways to use financing:
+ Working capital
+ Equipment, inventory, and machinery purchases
+ Tenant improvements and building renovations
+ Real estate purchases
+ Business debt refinancing
Do You Qualify?
The program supports small businesses and potential university vendors—especially those that are minority- or women-owned—in the City of Boston and surrounding areas.