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.