Common CapitalAddress: 4 Open Square Way, Suite 407
Town: Holyoke, MA 01040
Telephone: (413) 420-0183
Web site: http://www.common-capital.org/
Common Capital is a nonprofit Community Development Financial Institution working to strengthen communities by creating economic opportunities for low- and moderate-income people in Western and Central Massachusetts.
Financing for Common Good:
We have developed seven drivers to guide our allocation of capital, and are actively seeking to fund projects, nonprofits and businesses that support these drivers and contribute to the community.
Creating and retaining jobs
Providing opportunity for low-income people
Providing essential community services
Developing sustainable environmental practices
Supporting businesses with local ownership
Recirculating local dollars
Our primary role is to bring financial and business assistance to western and central Massachusetts in order to stimulate economic growth and foster a stable regional economy. We are based in Holyoke, Mass. and serve the Western Massachusetts region which includes Hampden, Hampshire, Franklin, and Berkshire Counties in Western Massachusetts, as well as sections of Worcester County.
What We Do:
* We have worked with over 450 businesses in our 26 year history. We work with businesses all industries.
* PROVIDE CAPITAL- Common Capital is committed to making loans to businesses and organizations within our service area which do not have access to sufficient capital through traditional channels. In keeping with our mission, Common Capital lending targets businesses which can have the greatest impact on the local economy by providing critical goods and services, filling gaps in products and services needed, and creating or maintaining local jobs.
* PROVIDE BUISINESS MENTORING AND SUPPORT- Through our network of consultants and partners, local businesses and entrepreneurs have access to business assistance that can increase their potential for success. The assistance covers a wide range of services, including developing strong business plans and marketing strategies, exploring financing options, and assisting with basic business functions such as human resource management, accounting and legal services.
Please see our website for more details and please call if we can be of help.