North Central Mass Development Corp Provides Financing to Biscotto Café in Auburn

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $30,000 loan to Michael and Barbara Anton, owners of Biscotto Café, a retail coffee shop and bakery in Auburn MA.

Michael and Barbara opened Biscotto Cafe in November 2018 in Auburn. The café has a growing reputation for their gluten allergy friendly baked items as well as traditional baked goods all prepared by Barbara from scratch. They also feature artisanal coffee and tea and will prepare platters or cakes/pies for parties, meetings or any other occasion. This loan was a referral from Hometown Bank and was used to re-finance business debt. For more information on Biscotto Café visit them at 744 Southbridge St, in Auburn, or check out their Instagram page at https://www.instagram.com/biscottocafe.auburn/

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.

North Central Mass Development Corp Provides Financing to Skinfluentials in Leominster

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $50,000 loan to Rebecca Lorion, owner of Skinfluentials, in Leominster MA.

Rebecca is a licensed esthetician with over 8 years of experience with skincare treatments such as facials, microderm abrasion and radio frequency treatments. This loan helped Rebecca purchase the business and move the location to 53 Merriam Ave., Leominster. NewVue Communities assisted Rebecca with her business plan and projections. For more information on Skinfluentials visit https://www.skinfluentials.com/.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

North Central Mass Development Corp Provides Financing to Morey Family Chiropractic in Leominster

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $25,000 loan to Kevin Morey, owner of Morey Family Chiropractic, a Chiropractic practice he operates in Leominster MA.

Kevin Morey has been in business since 1996 and is using this loan to purchase a digital imaging system for his x-ray machine. Kevin was previously outsourcing x-ray services but with a new x-ray imaging system he will be able to better treat his existing patients as well as improve client retention and marketing for his practice. This loan was a referral from Hometown Bank. For more information on Morey Family Chiropractic visit https://www.moreyfamilychiro.com/.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

NCMDC Provides Financing to Amaral Associates of Fitchburg

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $10,000 loan to Rebecca Amaral, President of Amaral Associates Inc. in Fitchburg. 

Rebecca Amaral runs Amaral Associates, a guardian and conservator for people who are unable to make medical or financial decisions for themselves. With this loan Rebecca will add new computers and billing software which will allow her to expand her services to more clients and increase her capacity to bring on additional staff.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

NCMDC Provides Loan to Family Martial Arts Center (FMAC) of Leominster

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $95,000 loan to Len Brassard’s Family Martial Arts Center (FMAC) located in the Twin City Plaza in Leominster.  

FMAC is co-directed by Len M Brassard and his son Len D Brassard who recently moved their martial arts facility into a new space in the Twin City Plaza. NCMDC’s loan, referred by Workers Credit Union, was used for fit-up of the new location as part of a project along with Geronimo Properties, the owner of the building. Originally opened in 1989 by Len M Brassard, FMAC provides self-defense and character development training for students of all ages. Of particular note is FMAC’s kids program which is designed to foster personal development, instill virtues, and develop self-esteem, confidence and discipline. The move to this space retains six jobs. For more information on FMAC visit their Facebook page at Facebook.com/LenBrassardsFMAC, or visit their new location in the Twin City Plaza.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

Behind (L to R): Sandie Cataldo, NCMDC Economic Development Manager, Father & Son / Co-owners, Len D Brassard and Len M Brassard, and Brendan Hannan, NCMDC Micro-Loan Manager.
Front (L to R): FMAC Black Belt Characters- Modesty, Perseverance, Indomitable Spirit, Integrity and Self-Control

North Central Mass Development Corp Provides Financing to Joshua Allen Design in Sterling

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $25,000 loan to Joshua Halterman, owner of Joshua Allen Design, an interior design and home staging business based in Sterling, MA.

Joshua started the business as a part time venture in 2016, initially fluffing houses for sale with a real estate agent associate. Since then Joshua has grown the business into full home staging projects and photography services for real estate sales as well as interior design work for people looking to re-model or re-decorate their homes and in September 2018 he took the leap and started running his business full time. This loan will help Joshua add furniture to his inventory to be used in home stagings as well as provide working capital and help fund marketing efforts. Joshua Allen Design worked with NewVue on his projections, and was referred through the SBA Lender Match Program.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

North Central Development Corporation Publishes 2019 Manufacturers Directory

Expansive guide highlights the region’s vast manufacturing firms and industrial space

The North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation (NCMDC) announce the publication of the 2019 edition of the Manufacturers Directory and Industrial Parks Guide for North Central Massachusetts. The publication is designed to promote and connect manufacturers with suppliers as well as serve as a resource for companies looking to relocate or expand throughout the region. 

Working with multiple sources, the NCMDC confirmed the operating status and primary product line of each company listed in the directory. In addition to the listing of local manufacturers, the publication also includes a section on life science companies, a listing of suppliers and a guide to business and industrial parks in North Central Massachusetts. 

“We published this directory to help support our local manufacturers who are so critical to the long term vitality of the North Central economy”, said Roy Nascimento, President & CEO of the North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation. “We hope that this publication will be a resource in connecting manufacturers with their peers and helping them find local suppliers.”

This publication is part of the Chamber and Development Corporation’s continuing efforts to help promote the region and advance the economy of North Central Massachusetts.  In addition to this manufacturing directory, the North Central Massachusetts Development Corporation has expanded its efforts to raise awareness of career paths in the advanced manufacturing field and  recently published a report entitled “Build North Central: Promoting the Industrial Heart of Massachusetts” which highlights recommendations to support the region’s manufacturing industry.   It has also expanded its micro-loan programs, grown its technical assistance offerings for new and established small businesses in the region and expanded its reach to small and growing businesses in neighboring communities through partnerships with local chambers. 

The 2019 edition of the publication was supported by advertising and is being circulated to manufacturers throughout the region. For more information, please contact the North Central Massachusetts Chamber of Commerce at 978.353.7600.

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation with the mission of creating jobs and improving the economy of North Central Massachusetts.  The NCMDC acts as a connector, facilitator and partner and works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects with loans and business assistance.  The NCMDC is certified by the U.S. Department of the Treasury under the Community Development Financial Institution (CDFI) program and is a micro-loan intermediary for the U.S. Small Business Administration and the U.S. Department of Agriculture.  Since 1996, the NCMDC has granted over $6 million in loans to small businesses to help grow jobs and the economy.

For more information about the North Central Massachusetts Development Corporation please call 978.353.7607.

STARTING OR EXPANDING: A SMALL BUSINESS 101 SEMINAR SCHEDULED FOR APRIL

The North Central Massachusetts Development Corporation and Fidelity Bank are holding two free business workshops on Thursday, April 25, 2019 aimed at assisting potential and existing entrepreneurs.

These free workshops are approximately two and a half hours each and are being held in partnership with the North Central Massachusetts Chamber of Commerce, Greater Gardner Chamber of Commerce, North Quabbin Chamber of Commerce, Massachusetts Small Business Development Center, The Wachusett Business Incubator, SCORE and NewVue Communities.  Both workshops will be held at the Wachusett Business Incubator, 35 Sanborn St, Gardner.   

Session I: Fundamentals in Planning, Preparing, and Financing Your Business will run from 8:30 a.m. to 11:00 a.m. and will focus on evaluating and understanding the fundamentals of owning one’s own business.  Information on how to get started, where and how to get financing and the loan application process will be presented.  Registration begins at 8:00. Continental breakfast will be provided for all participants.  Presented by Michelle Miller, Center for Women & Enterprise 

Session II: Understanding the Purpose of Financial Statements and How They Can Help Determine the Health of Your Business will run from 11:30 a.m. to 2:00 p.m. and will focus on understanding a balance sheet, income statement and cash flow statement.  The workshop will also explain how a small business owner can anticipate financial needs in order to operate his/her business more efficiently.  Registration begins at 11:30. Lunch will be provided for all participants. Presented by Michelle Miller, Center for Women & Enterprise

The workshops are free, but pre-registration is required.  To register, please contact Sandie Cataldo at 978.353.7607 ext. 232.

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit economic development corporation with the mission of creating jobs and improving the economy. NCMDC is certified by the U.S. Small Business Administration (SBA), and the U.S. Department of the Treasury under the Community Development Financial Institutions (CDFI) Program. The NCMDC works in partnership with local banks, credit unions, chambers of commerce and area nonprofits to support emerging microenterprises, small businesses, and community projects in 76 communities in Worcester, Middlesex and Franklin Counties with loans and business assistance.  Since 1996, the NCMDC has granted over $6,300,000 in loans to small businesses to help grow jobs and the economy in the region.

North Central Mass Development Corp Provides Financing to Gallagher Chiropractic & Medical Wellness

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $25,000 loan to Dr. Timothy Gallagher, Founder and CEO of Gallagher Chiropractic located on 54 William Street, in Leominster.

Dr. Gallagher has been a practicing chiropractor for over twenty years and along with his team of 18 employees is in the process of expanding the scope of services provided by the practice. This loan, referred to NCMDC by Avidia Bank, will be used for renovations to the existing office to accommodate Dr. Gallagher’s plan for expanded services. As part of the expansion the practice will offer amniotic allografts (stem cell injections), a cutting-edge procedure to treat arthritis and joint pain. For more information on all of the services provided by Maragal Medical / Gallagher Chiropractic & Medical Wellness visit them online at www.drtimothygallagher.com.

As a micro loan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project. 

 

North Central Mass Development Corp Provides Financing for L & J’s Cormier Catering of Fitchburg

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $20,000 loan to Elizabeth Sodano-Brisebois and Joseph Brisebois, owners of L & J’s Cormier Catering located in Fitchburg.   

Elizabeth and Joseph are expanding their catering business and recently purchased Shirley Catering and their building at 70 King St., Fitchburg. They have successfully run L & J’s Cormier Catering since 2009 and with the acquisition of Shirley Catering they plan to continue growing by providing quality catering service to even more events. NCMDC’s loan was part of a gap financing partnership with TD Bank and helped Elizabeth and Joseph with the renovations, equipment purchase and working capital portion of the deal. Two full time jobs were retained as part of this project. For more information on L & J’s Cormier Catering visit them online at cormiercatering.com.

As a microloan lender, NCMDC can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.