Start-Up Business Loans in Beverly, MA
Ignite your idea's rocket boosters with up to $500,000
+ $20,000 in free digital marketing services
Start Your New Business Right
Launching a business is exhilarating, but without the right funding, it can feel impossible. With a start-up business loan in Beverly, MA, and a great team, your journey could be limitless.
No Collateral? No Problem!
No need to pledge your spaceship—our unsecured loans are designed to let you focus on launching, not stressing.
Terms up to 10 Years
From liftoff to cruising altitude, our repayment options stretch up to 10 years, giving your business room to grow.
Funding at Light Speed2
Need funds fast? We’ll deliver in record time—because the universe waits for no entrepreneur.
Beverly Business Loan Options
Your vision, our expertise. StartCap offers funding and resources to help your business grow and succeed. Let’s launch your next big idea!
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Beverly or nationwide.
Here's a truck load of stuff to get kicked off
Find Start-Up Business Loans
Near Beverly, MA
Whether you’re in Beverly or another part of Essex County, StartCap is here to fuel your success. Check the nearby cities we serve and let’s make it happen! From Danvers to Reading and beyond, we've got you covered.
Start-Up Loan FAQ's
Starting a business in Beverly, MA, home to the historic Beverly Historical Society and Salem-Beverly Harbor, presents unique challenges for entrepreneurs seeking startup capital. Securing local business loans often feels like walking a tightrope between financial feasibility and stringent bank requirements, especially for new ventures without extensive credit histories.
Here are a few local suggestions:- Enterprise Bank at Dodge Street & Rantoul Street
- North Shore Bank at Cabot Street & Essex Street
- Salem Five Bank at Federal Street & Washington Street
- Centennial Credit Union near Essex Street
Traditional lenders in Essex County typically demand comprehensive business plans, personal credit scores above 680, collateral, and substantial down payments. StartCap understands these hurdles and offers alternative financing pathways that recognize the potential beyond conventional metrics, supporting local Massachusetts entrepreneurs in transforming innovative ideas into sustainable businesses.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & minimum requirements.Interest rates for start-up business loans in Beverly, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Beverly, which are popular for new businesses, generally have rates ranging from 7% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster. Alternatively, many business & personal credit cards have introductory rates starting at 0% for up to 2 years.
No, not always—it depends on the type of loan you're applying for. Some funding options require business registration, while others focus on personal credit, income, or assets instead. If your business isn’t registered yet, don’t worry! We can either guide you through the registration process or explore funding alternatives that don’t require it.
Yes, Beverly, MA offers several local start-up grants for emerging entrepreneurs. The Essex County Community Foundation provides targeted micro-grants ranging from $500-$5,000 for small business development. Local economic development offices also support qualifying businesses through municipal funding programs.
Additional resources include the Beverly Economic Development Office, which administers small business support initiatives. Entrepreneurs can explore Massachusetts Growth Capital Corporation grants and North Shore Chamber of Commerce funding opportunities. Applicants should prepare detailed business plans and demonstrate local economic impact potential.
