SPRINGFIELD, Mass (WWLP) - Common Capital opened up a resource center in downtown Springfield Friday for their borrowers and perspective borrowers. Common Capital is a non-profit community loan fund that has been helping small businesses and start ups since they opened in 1990. Deadline: REAL ID enforcement goes into effect in six months The organization makes loans to small businesses that can't get financing from a bank or aren't able to get all of the money they need. In the past 5 years, Common Capital helped over 140 new businesses and create a couple hundred jobs through these new companies. "We help start ups. We help all sorts of small businesses either start to grow or sustain their businesses and we provide ongoing business assistance to our borrowers, training, education and counseling to help them get better at what they do" said Raymond Lanza-Weil, President of Common Capital. Lanza-Weil said it was important for him to find a location in downtown Springfield on the ground floor. He wanted a location that was more accessible and visible to those looking for a loan. The location also has a classroom where they can teach small businesses and provide the tools they need to succeed. Springfield Mayor Domenic Sarno said small businesses are the largest growth sector in the city of Springfield, so with Common Capital being a good partner with the city, they help to create one of his favorite four letter words, jobs.