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 affordable financing through an in-house Microloan Fund. This innovative financing tool targets startup ventures and existing small businesses that cannot otherwise obtain conventional financing. Microloan Facts interest rate is fixed, with a 7% minimum loan term is up to 6 years loan may fund total project cost maximum loan amount is $35,000 collateral required Eligibility Criteria Fall River business (startup, relocation or expansion of existing facility) fewer than 500 employees less than $3.5 million in revenues Technical Assistance Upon approval of the application, each loan recipient will be required to attend an informational session. During this meeting, a series of videos entitled "Writing Your Business Plan and Sources of Financing" will be shown. Click HERE to download a Small Business Loan Application Call FROED at 508.324.2620 for more information.