Massachusetts’ Governor Baker Announces $10M Small Business Recovery Fund

Massachusetts Governor Charlie Baker has announced a $10 million small business recovery loan fund to help companies struggling because of efforts to slow the coronavirus pandemic.

Baker said Monday the fund will provide emergency capital up to $75,000 to Massachusetts-based businesses with under 50 full- and part-time employees, including nonprofit groups.

Loans are immediately available to eligible businesses with no payments due for the first six months.