Guarantees which Help Banks Write More Small Company Loans
The Massachusetts Capital Access Program (CAP) was designed to help smaller businesses (with 200 or fewer in workers) throughout Massachusetts get loans from participating banking institutions. Making use of money security guarantees from that loan loss book investment, this system allows banking institutions to create loans they may otherwise struggle to give.
Banks that be involved in this system have landed over 6,100 new business and made CAP loans totaling over $390 million considering that the beginning of the system.
Loans guaranteed in full through the program enable you to begin or expand companies, or even to offer permanent performing capital to guarantee proceeded lucrative operations.