RCAP Solutions Financial Services Inc., a Gardner-based nonprofit that offers small business loans, has received a $58,378 grant from a division of the U.S. Treasury Department.
The technical assistance grant, given by Community Development Financial Institutions, will allow the group to complete a market study to focus its lending activity. It will also pay for a loan monitoring system, which will help the group expand lending throughout the areas where it does business: Massachusetts, New Hampshire, Maine, Rhode Island, Connecticut, New York, New Jersey, Pennsylvania, Puerto Rico and the U.S. Virgin Islands.
