Mass. Loan Program Shows Banks, Credit Unions Can Get Along
Updated: Apr 8, 2019
by John Reosti, American Banker
In Lawrence, six banks and four credit unions have joined forces to create a $2.5 million fund that offers affordable credit to startups. Each institution pledged $250,000 to the Lawrence Venture Fund, which offers loans of up to $100,000 to businesses that do not qualify for conventional loans.