Chelsea Business Foundation
Line of Credit
Chelsea Business Foundation is a nonprofit on a mission to promote a healthy business economy and support Latino and small businesses in Chelsea, Massachusetts.
Financing Purpose & Date:
In December 2020, Fair Food Fund partnered with Boston Impact Initiative to provide a line of credit used to continue a business support grant program serving small and Latino-led businesses, approximately half of which are in the food sector.
Chelsea was one of the cities in Massachusetts hit hardest by the coronavirus pandemic. Local nonprofit Chelsea Business Foundation took action to stabilize community businesses most impacted including support via a business support grant program. This effort is not only helping these community-based businesses weather the COVID pandemic, but grow their customer base so that they can emerge stronger to support their community in the recovery to follow.