NBEDC Financial Assistance
In order to assist New Bedford small businesses experiencing COVID-19 hardships, the NBEDC has enacted the following measure for existing loan clients and those that may consider our small business loan program as a potential opportunity for relief.
How to Make Your Payment
For the well-being of our existing NBEDC lending clients and our staff, at this time we ask that you refrain from bringing payments into the office in person. For your convenience and ease of processing the NBEDC accepts Automated Clearing House (ACH) payments for all current loan customers. We encourage you to utilize this service to limit in person contact and to ensure your payment is applied in a timely manner. If you are not currently set up for ACH payment, please click the following link to download and complete the NBEDC ACH Payment Sign Up Request. Please email all completed requests to Lending@NBEDC.org
For those unable to make ACH payments the NBEDC will continue to accept payments by mail. Please continue to mail in your regularly scheduled payment to:
New Bedford Economic Development Council, Inc.
1213 Purchase Street
New Bedford, MA 02740
Help Making Your Payment
If you are experiencing financial hardship and are unable to make your regularly scheduled payment please click the following link to download and complete the NBEDC Payment Modification Request Form. Please email all completed requests to Lending@NBEDC.org. Please note, you are required to make your regularly scheduled payment until notified by the NBEDC that your request has been processed and approved.
Hardship Loan Requests
For existing New Bedford businesses experiencing financial hardship that would like to request a new loan from the NBEDC please click here to download and complete NBEDC application and documents required. Please email all applications and supporting documentation to Lending@NBEDC.org.