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. 

North Central Mass Development Corp Provides Financing to Artist in Hue in Leominster

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $10,000 loan to Candice Churchill, owner of Artist in Hue located at 24 Church Street, Suite 30, located in Leominster.  

Candice Churchill has recently taken her knowledge and passion for all things art, and has created an open studio where she plans to hold evening events, and specialty nights such as paint nights, girls night out, as well as kids play dates and parties. As a licensed art teacher here in Massachusetts, and having studied in Florence with a BA in studio art and history, Candice wants to share her love of art and to provide an opportunity for both children and adults to experience art in a fun and creative environment.  She plans to have classes after school available for beginner, intermediate, and advanced artists. This loan assisted Candice with supplies, furniture, start-up costs and working capital to help establish Hue Can Paint?! She will rent space from the City of Leominster’s newly formed incubator space on Church Street.  For more information, Candice also has a Facebook and website for her business, which can be located at https://artistinhue.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. 

Starting or Expanding: A Small Business 101 Seminar Set for February

The North Central Massachusetts Development Corporation and Fidelity Bank are holding two free business workshops on Tuesday, February 19, 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 or email [email protected]rthcentralmass.com.  You may also register online at www.northcentralmass.com/calendar-of-events.   

North Central Mass Development Corp Provides Financing to Creative Connections in Ashburnham

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $25,000 loan to Mark and Angela Setevdemio, owners of Creative Connections located at 56 Main Street in Ashburnham.  

Mark and Angela have recently purchased the building that houses their shop and are making renovations to the over 150 year old building.  After acquiring Creative Connections in 2016 the Setevdemio’s have turned the space into a one stop shop featuring artisan quality gifts and original artwork.  Creative Connections is also a gallery to a rotating selection of artists, both local and from around the globe.  In February, they will be featuring works by Alexei Naumovich whose watercolor works have been exhibited dozens of times across the US, Russia and Europe.  Creative Connections is open Tuesday-Saturday 10 a.m. to 6 p.m.  This loan assisted Mark and Angela with renovations to their building including some repairs to the slate roof originally installed in 1865.  This micro loan retained two jobs and was done in conjunction with Athol Savings Bank as part of a gap financing partnership.  For more information on Creative Connections visit them on Facebook, artweek.com, or online at ccgiftgallery.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 Lends to Two New Local Businesses

The North Central Massachusetts Development Corporation (NCMDC) granted a $19,000 micro-loan to Charles Simmons, owner of Simmons & Sinclair Logistics located in Leominster, to assist with the purchase of a tractor.  Simmons & Sinclair Logistics will offer local and long-distance transportation for a variety of products to include wood and metals.  Ray Belanger, Director of Small Business at NewVue Communities in Fitchburg assisted Charles with his business plan and projections. This loan was a referral from Workers Credit Union and will create one job.

Winston Burrell received a $5,000 loan from NCMDC to start Barrington’s Autumn, a home-based business located in Lunenburg. With many years in the medical industry and having researched various approaches to holistic health, Winston recently started Barrington’s Autumn and will specialize in environmentally friendly, dye-free essential oils and fragrances to promote healing and wellness.  This $5,000 loan will assist Winston with purchasing inventory and marketing expenses. For more information visit www.Barringtonsautumn.com.  Winston also worked NewVue Communities on his business plan and projections.  This loan was a referral from NewVue Communities and will create one new job.

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.

 

Half Axe in Marlborough receives micro loan from North Central Mass Development Corp

The North Central Massachusetts Development Corporation (NCMDC) granted a $25,000 micro-loan to Derek Johnson, owner of Half Axe located in Marlborough.  Half Axe is the premier axe throwing facility and the first of its kind in New England.  Once a fun outdoor camping activity, axe-throwing has grown into the newest competitive sport making its way to the US.  Located at the new Apex Entertainment Center in Marlborough, Derek offers 2 hour and 45 minute booked sessions for private events, parties, league play, as well as drop-ins.   Half Axe is open Tuesday-Sunday.  For hours and more info visit www.halfaxe.com.  This micro loan was a referral from Community Teamwork and created 4 new jobs.

The Small Business Development Center (SBDC) at Clark University assisted Derek with a business plan and financial package.  For more information on the SBDC visit www.clarku.edu/offices/sbdc.

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 Native Joe’s Farmstand in Westminster

The North Central Massachusetts Development Corporation (NCMDC) recently approved a $75,000 loan to Joe Serio, owner of Native Joe’s located at 134 Main Street in Westminster adjacent to Westminster Pharmacy, also owed by Mr. Serio.

Joe purchased the old barn, built in 1825, just next to the pharmacy and renovated it to open Native Joe’s Farmstand.  The farmstand offers Herrell’s premium ice cream, local produce, bedding plants, and a small retail space with garden accessories, gifts and crafts as well as a deck with outdoor seating.  Native Joe’s is open from 11 a.m. to 8 p.m. on weekends and noon to 8 p.m. weekdays. This loan helped create three jobs and assisted Joe with the cost of designing, renovating the barn and purchasing equipment. This micro loan was a referral from TD Bank.  For more information on Native Joe’s Farmstand please visit them on Facebook or online at www.nativejoefarm.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.

STARTING OR EXPANDING A SMALL BUSINESS 101 SEMINAR SCHEDULED FOR MAY

The North Central Massachusetts Development Corporation and Avidia Bank are holding two business workshops on Wednesday, May 2, 2018 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, Massachusetts Small Business Development Center, SCORE and NewVue Communities.  Both workshops will be held at the North Central Massachusetts Chamber of Commerce office, 860 South Street, Fitchburg, MA.

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 Bob Aspell, SCORE

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 Bob Aspell, SCORE

North Central Massachusetts Development Corp Grants a Micro-Loan to Small Business in Worcester

The North Central Massachusetts Development Corporation (NCMDC) recently granted a $20,000 micro-loan to Lauren and Zack Rohacik, owners of Steel Strength and Nutrition.   Steel Strength and Nutrition is a retail supplement store located at 458 Park Avenue in Worcester.  This business provides its customers affordable, high quality vitamins and minerals, herbal supplements, clean sports nutrition, meal replacements, and a limited selection of sports apparel and weight lifting equipment.  Zachary and Lauren have spent their entire adult lives as fitness enthusiasts, and competitive power lifters as well as coaches and sponsors of youth organizations, church groups and gyms.

This loan will assist with the purchase of inventory, as well as marketing and other costs associated with starting the new business. The loan was a referral from the Small Business Development Center (SBDC) at Clark University.  SBDC also assisted Lauren and Zack with a business plan and financial package.

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