As a not-for-profit corporation we approached SEEDCO regarding start up capital in Massachusetts. They told us no. Is this right? Aren't they supposed to help us?

Although SEEDCO is a public purpose lender, they are not required to lend to anyone. They have underwriting standards like any for-profit Bank or Investor. We would sugegst you explore realationships with other non-profit lenders like: http://www.bostoncommunitycapital.org/loanfund/borrowers.html or http://www.nonprofitfinancefund.org/details.php?autoID=7 You might also condsider partnering with for-profit entities to expand the universe of available financial sources.

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