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Jobs for New England

Jobs for New England (JNE) offers FHLBank Boston members below market-rate financing for small business loans that create or preserve jobs, expand woman-, minority-, or veteran-owned businesses, or otherwise stimulate the economy in New England communities.

Advances for Economic Development or Job Creation & Preservation

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The third funding round opens Monday, September 9, 2019 at 9:00 a.m. The disbursement deadline is November 15, 2019.

FHLBank Boston has committed up to $6.5 million in 2019 to subsidize the interest-rate on JNE advances. Members are eligible to receive up to $250,000 in interest-rate subsidy on a first-come, first-served basis during the third funding round. Members who applied or had projects funded in the previous two rounds are eligible to receive up to $250,000 in this round. This increase in subsidy will allow members to leverage zero percent funding to increase small business lending. Advance requests using a minimum of $5,000 in subsidy per transaction will be accepted. JNE advances are subject to FHLBank Boston’s standard prepayment policy.

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Jobs for New England Webinar

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This presentation provides an overview of the third round of FHLBank Boston’s 2019 Jobs for New England program.


For more information, please call Senior Community Investment Manager Michael Pingpank at 617-425-9564 or contact your relationship manager.

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