Click here to sign up for city emergency alerts - including community event alerts, Fire Department notifications, law enforcement alerts, general information alerts, and public works notifications

Holyoke Economic Development and Industrial Corporation (HEDIC) MakerLoan Program

Posted on August 7, 2023

Holyoke, MA- The Holyoke Economic Development and Industrial Corporation (HEDIC) will be hosting a virtual information session for small businesses interested in learning more about the MakerLoan Program on September 13th at 12pm.

To register for the session please visit:


What is the MakerLoan?:

  • No interest loan for Makers that is intended for entrepreneurs or micro-businesses that cannot access typical financial services; intended to build borrower’s financial history and help formalize the business.
  • For: Entrepreneurs, sole proprietorships, and micro-businesses which employ 5 or less people. Goal is to support business growth and to support development of the ‘Maker’ ecosystem in Holyoke.
  • Uses: Start-up costs – typically incurred within the first 3 years of operations, pre-profit, before businesses can qualify for traditional capital – and other small, short-term expenses.
  • Amount: Up to $25,000
  • Term: Up to 5 years
  • Interest Rate: 0  %
  • Collateral: Minimum for an all asset security lien on business and personal guaranty

For more information:

Marie Brazeau, Development Specialist or (413) 322-5655

Close window