MassDevelopment has introduced three new loan products and made enhancements to two more in an effort to meet demand for emerging technology businesses, rental housing, commercial real estate and energy efficiency.

At its January board meeting, MassDevelopment authorized three new products.

The group’s new Emerging Technology Fund Term Working Capital Loan will finance staffing and other working capital needs for growing emerging technology companies, helping them increase employment and production, according to a statement.

The Multifamily Real Estate Loan is intended to help finance development of apartment units with a focus on downtown and transit-oriented projects, furthering the commonwealth’s efforts to increase workforce housing.

Lastly, MassDevelopment said it hopes its new Commercial Real Estate Improvement Loan will support employment and downtown revitalization projects by financing building improvements that will increase occupancy.

Additionally, to strengthen the impact of two popular existing MassDevelopment products, increases to the maximum dollar amounts are being offered for the group’s equipment loans and loan guarantees. Equipment loans can now be taken out in amounts up to $2 million, and the group said it will increases its maximum loan guarantee on real estate and equipment financing to $2 million.

"MassDevelopment helps job creators in the commonwealth grow more efficiently, and these new loan products will increase our backing of the Massachusetts business and nonprofit community," MassDevelopment President and CEO Marty Jones said in a statement.