FROED One Government Center Fall River, MA 02722-7700 Tel 508-324-2620 Fax 508-677-2840 info@froed.org		The Fall River Office of Economic Development (FROED) offers Fall River businesses low-interest financing through its new FROED "50" Fund. This innovative loan program provides 100% financing opportunities to startup ventures and existing small businesses. FROED "50" Facts interest rate is fixed at 7% loan term is up to 7 years loan may fund 100% of total project cost maximum loan amount is $50,000 origination fee is 1.5% legal fees are 1% plus recordings collateral required Eligibility Criteria Fall River business (startup, relocation or expansion of existing facility) creation of one new full-time job (or part-time equivalent) for each $25,000 of assistance Click HERE to download a Small Business Loan Application Call FROED at 508.324.2620 for more information.