Common Capital, Inc.

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Common Capital is a nonprofit, community development financial institution (CDFI) working to strengt Common Capital is a nonprofit, community development financial institution (CDFI) working to strengthen communities by creating economic opportunities for low- and moderate-income people, women, people of color, and immigrants in western Massachusetts. We responsibly lend money to small businesses that are unable to access all the capital they need from conventional sources, such as banks. Every dollar that Common Capital deploys is an investment in opportunity for people in underserved populations, including support for job creation, essential community services, and neighborhood rejuvenation. Common Capital augments the money it lends with free business assistance that supports our borrowers’ growth and success.

Common Capital, Inc.

Common Capital, Inc. is a nonprofit, community development financial institution (CDFI) based in Western Massachusetts. It was founded in 1990, originally known as the Western Massachusetts Enterprise Fund. The organization's mission is to strengthen local communities by creating economic opportunities for underserved populations, including low- and moderate-income individuals, women, people of color, and immigrants[2][5].

Purpose and Activities

Common Capital operates by providing loans and free business assistance to small businesses and nonprofit organizations that face challenges accessing capital from conventional financial institutions. The organization offers fixed-rate loans ranging from $1,000 to $300,000, with interest rates typically between 8.25% and 10%[4]. These loans can be used for various business needs, such as working capital, equipment purchases, and real estate acquisitions[4].

In addition to financial support, Common Capital offers comprehensive business assistance, including training and education on financial management, marketing, and human resource management[5]. This approach helps borrowers build sustainable businesses, create jobs, and contribute to the economic vitality of their communities[5].

Governance and Structure

Common Capital is governed by a volunteer board of directors comprised of local community leaders and business professionals. Since 2017, it has been a subsidiary of Way Finders, a nonprofit organization focused on housing and economic development[2].

The organization is certified by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund), a designation that reflects its commitment to serving underserved markets[2].

Impact and Achievements

As of its founding in 1990, Common Capital has issued over 800 loans totaling more than $32 million to small businesses in Western Massachusetts. These efforts have helped create or retain more than 2,000 local jobs[2][5]. In recent years, Common Capital continued to set records in lending and business assistance, focusing on supporting a diverse range of entrepreneurs, including startup businesses and those owned by women and people of color[5].

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Address: 1780 Main St., SpringfieldWeb: Sign in to see organisation websiteFacebook: commoncapitalincEmployees: 7Volunteers: 15Revenue: 1986861ICO: 223051402

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Common Capital, Inc.

Jay Kozak strikes again. Congratulations to Leo Williams and Building for Our Future, LLC. This is a significant milestone, and we're thrilled to have been part of your journey.

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Common Capital, Inc.

Congratulations to Izabela and Damien from Therrien Premier Painting, Inc. Welcome to the Common Capital family.

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