Question: As a small business owner, I am seeing scary trends, during this pandemic. Customers are cancelling, and no new customers are calling. Are you aware of any financial aid available?

Answer: Massachusetts has made a total of $10 Million available for low interest, short term loans.

  • Who Qualifies: Mass. based businesses impacted by COVID-19 with under 50 full or part time employees, including nonprofits. You must be able to verify the negative impact to your business.
  • No payments are due for the first 6 months, then 30-months of principal and interest payments at 3.0%.
  • Loan amounts up to $75,000, equal to 3 months of cash operating expenses for 1st quarter of 2020.
  • Personal guarantees are needed from owners of more than 20% of business.
  • Credit scores under 575 will require an exception.
  • Lien on business assets is required.

How to Apply: visit for a 3 page application.
Attorney James Haroutunian practices estate planning and real estate law in Billerica at 790 Boston Road. Contact him to begin an estate plan or with questions at,, 978-671-0711 or email him at