Chelsea Business Foundation

Investment:
$37,500 Line of Credit
Enterprise:
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.
Update:
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.