Ayer IDFA approves gap financing loan program with $75,000 cap
Ayer IDFA approves gap financing loan product with $75,000 maximum. The five-member Authority unanimously elected David Cibor as Chair, Robert DiPierro as Vice-Chair, Marissa Rivera as Treasurer, and appointed Ray Friedlander as Secretary. The Board unanimously adopted governing policies, ethics
Industrial Development Financing Authority (IDFA) · Meeting of August 28, 2026
Ayer IDFA approves gap financing loan product with $75,000 maximum. The five-member Authority unanimously elected David Cibor as Chair, Robert DiPierro as Vice-Chair, Marissa Rivera as Treasurer, and appointed Ray Friedlander as Secretary. The Board unanimously adopted governing policies, ethics standards, and a budget through December 31, 2027.
The Partnership Gap Financing Loan Product enables small businesses to close funding gaps; loans up to $25,000 will be approved by the Administrator and Treasurer, with larger requests going to the full Board.
In the full story:
- The complete report — 390 words
Source: the Industrial Development Financing Authority (IDFA) meeting of August 28, 2026, compiled from the official minutes.
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