Boston Public Market
$55,000 Collateral Initiative investment in partnership with Coastal Enterprises, Inc. (CEI), a Maine-based CDFI
Boston Public Market features healthy food sourced from 25+ artisans and food producers from across New England. Located in downtown Boston, the market is also a valued community-building space that brings together farmers, fishers, food entrepreneurs, and residents.
Financing Purpose & Date:
Like many farmers markets, the Boston Public Market was shuttered for months in 2020 due to the COVID pandemic and had limited hours when finally able to reopen in September 2021. While it was able to weather these disruptions, it significantly impacted market revenue. Our Collateral initiative investment supported Boston Public Market with a guarantee that freed up assets for working capital as it works to bounce back from the devastating economic impacts of the past year.
We’re thrilled to support the success of this anchor institution and collaborate with CEI, which provided the market a loan in 2019, and is a long-time and valued partner for us in the Northeast.