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  • Lawrence Partnership

Mass. Loan Program Shows Banks, Credit Unions Can Get Along

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.


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