North Central Mass Development Corp Provides Financing to Local Small Businesses

The North Central Massachusetts Development Corporation (NCMDC) is proud to announce that Sharp Design and Beemer’s Pub and Grill, both of Fitchburg, are recipients of our new Express Loan program.

Beemer’s Pub and Grill, a restaurant that has recently relocated to 310 Main Street in Fitchburg will be relaunching soon and was in need of a loan for working capital to assist with the re-opening. The NCMDC gave Beemer’s the full express loan amount of $5,000. Beemer’s has proudly served the Fitchburg and surrounding communities for years and are looking to make an impact in the creative economy at their new location. Be on the lookout for their grand re-opening coming soon.  Beemer’s was a referral from NewVue Communities (formerly Twin City CDC) and this loan will help to retain 20 jobs.  For more information visit www.beemerspub.com.

In related news, Sharp Design of 360 Summer Street in Fitchburg, a well-received hair salon with a sterling reputation, was in need of equipment upgrades. Being granted the full express loan amount of $5,000 from the NCMDC, it gave Sharp Design the perfect amount of relief needed to assist them in their upgrades. Now Sharp Design is using state of the art equipment leaving their clients happy and satisfied.  Sharp Design’s was also a referral from NewVue Communities (formerly Twin City CDC).  This loan will help to retain 10 jobs.  For more information call (978) 343-3324.

The North Central Massachusetts Development Corporation has developed a new Express Loan Program to assist existing small businesses that need quick access to funding.  The new program offers a loan request up to $5,000 with financing available within a week.  If approved, the business is also eligible to receive business assistance from NCMDC staff and consultants.

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

“Helping strengthen small businesses and entrepreneurs stimulates job creation and is critical to North Central’s economic growth,” said Raymond J. Martino, President of Simonds International and Chairman of the Board of the NCMDC. “The North Central Massachusetts Development Corporation is providing much needed capital and technical assistance to help our local businesses grow and thrive in the region.”

As a microloan lender, NCMDC can provide loans to small businesses up to $75,000 for working capital, equipment, inventory, expansion and working with our banking partners provide gap financing for the final piece of a project.

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. 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 with loans and business assistance.  Since 1996, the NCMDC has granted over $4,200,000 in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.

For more information about the NCMDC loan programs, please call 978-353-7607.