Overview

Why are you interested in becoming a Trustee?

To help revitalize and retain disadvantaged small business owners who do not have access to conventional means to capital and services.

What is the mission of your organization?

Bowdoin Geneva Main Streets (BGMS) is a non-profit organization that brings together local businesses, residents, neighborhood organizations and corporate sponsors to revitalize the Bowdoin-Geneva business district and strengthen the entire community. BGMS seeks to raise the profile of the commercial district, provide merchants with technical assistance and financial and design assistance for storefront renovations. The organization also recruits appropriate businesses to fill vacant storefronts. BGMS is part of national program administered locally by Boston Main Streets. Boston Main Streets is part of the Office of Business Development which is housed within the Department of Neighborhood Development. Although BGMS is part of the citywide program, the organization is an independent nonprofit.

Borrower Due Diligence

How will you decide who to endorse as a borrower? What due diligence will you conduct?

The borrower must have to have the following in place already: 1) a relationship w/ our organization, 2) sales estimate and goals, 3) business plan, and 4) what they will use the funds for and how it will grow their business.