Financial Products

What We Offer


Massachusetts Growth
Capital Corporation
529 Main Street
Schrafft Center, Suite 201
Charlestown, MA 02129

Tel: +1 617-523-6262
Fax: +1 617-523-7676



Financial Products

Each loan request is unique simply because companies, their economic circumstances and conditions, are unique. Mass Growth Capital Corp, therefore, does not operate with a one-size-fits-all approach.

Loan Officers at MGCC have the experience to help a prospective borrower identify the most appropriate loan product for its needs and to structure the loan accordingly.

These loan products are the most frequently used loan types. They can be used in combination and, in some cases, are converted from one type to another:

Subordinated Loans

Many of our loans are made in conjunction with bank financing. Typically, the bank will have a senior position on assets and MGCC will be in a subordinated position. These loans are usually written as 5 year Term Loans

Lines of Credit

When a company needs to receive partial advances of loan proceeds to meet working capital needs, such as for a seasonable business, a one year Line of Credit may be appropriate. A  Line of Credit may be renewed for a second year or may be converted to a Term Loan.

Term Loans

Working capital requirements are not often easily handled within one year. Cash flow is typically insufficient to repay all but the smallest loan in a year. Five year Term Loans therefore provide a useful time frame – long enough for cash flow to increase and to allow MGCC to be repaid.

Contract and Purchase Order Financing

Winning a contract or a purchase order usually requires a firm to support labor, materials and overhead cost before billing and being paid for the work. Contract and Purchase Order financing can bridge this timing gap. Typically, a percent of the order value will be loaned, and repaid when the firm receives payment.


If a bank cannot extend needed credit because the collateral is inadequate, MGCC can provide a partial and limited Guarantee to enable the bank to make the loan.

Working Capital

Working capital can be provided for most business operational purposes.  We do not typically finance real estate development.

Technical Assistance

MGCC provides targeted technical assistance to solve specific financial and operational problems.  MGCC will provide 50% of the cost of such assistance while the company being assisted will invest the other 50%.