North Central Mass Development Corp Grants Micro Loan to Hailey’s Takeout

The North Central Massachusetts Development Corporation (NCMDC) recently granted a loan to Henry Genao for $15,000 to assist with startup costs associated with opening Hailey’s Takeout.  Hailey’s Takeout, named after Henry’s daughter, is a fast-casual Spanish-American Restaurant located at 301 Lancaster Street in Leominster.  The new restaurant will offer a variety of lunch and dinner items, and plans to add delivery options in the future.  The hours of operation are from 11:00 a.m. – 9:00 p.m.  For more information on Hailey’s Take Out, please visit them on Facebook at www.facebook.com/HaileysTakeOut.

 

NewVue Communities assisted Henry with his business plan and financial package.  To learn more about NewVue Communities and the many services they provide please visit http://newvuecommunities.org.

 

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.

 

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 $6,000,000 in loans to small businesses to help grow jobs and the economy in the region

 

For more information about the NCMDC loan programs, please call 978.353.7607.