Services
The Trust works with companies to evaluate business plans/opportunities and provide management assistance as well as capital. In the evaluation phase, an officer from The Trust will meet with management to learn about the company and the challenges it faces. In some instances, The Trust can participate with the company in hiring independent consultants to assist management in focusing on those challenges. The Trust is also a provider of capital, helping companies move on to firm financial footing, ensuring that Massachusetts jobs are not at risk.
The Trust offers Term Loans, Lines of Credit, and in some instances Guarantees for working capital financing. The Trust will participate on a Senior or Subordinated basis, providing viable financing options for a variety of situations.
Term Loan
Purpose: Working Capital
Amount: $100,000-$750,000
Terms: Up to 60-months
Fees: 3% closing fee
Interest: Prime Plus 3% (10% floor - 15% ceiling)
Line of Credit
Purpose: Working Capital
Amount: $100,000-$500,000
Terms: Demand Loan- may be formula based- 12-month line may be renewed for an additional 12 months.
Fees: 3% closing fee
Interest: Prime plus 3% (10% floor - 15% ceiling)
Guarantee
Purpose: Working Capital financing
Amount: $100,000 - $500,000
Terms: Up to 48 months based on underlying debt structure
Fees: 3% closing fee, plus annual Guarantee Fee based on the situation.
