The North Central Massachusetts Development Corporation (NCMDC) recently approved a $48,000 loan to Smokestack Roasters, a coffee roaster and retail coffee shop in Lunenburg MA.
Jaclynn and Barry Nicoll have been roasting coffee beans at their home for over three years and decided to scale up their business and open a coffee shop along with a new coffee roaster which will roast coffee beans in the shop. They passionately foster an atmosphere of buying and think-ing local and intend to partner with many local businesses as they ramp up their business. This loan was a referral from the Center for Women & Enterprise and they worked with NewVue Communities on the business plan and projections. This loan went to fund start-up costs and working capital to open the coffee shop. For more information on Smokestack Roasters, visit them on 39 Mass Ave in Lunenburg and check out their Facebook page at https://www.face-book.com/Smokestackroasters/.
As a microloan lender, NCMDC can provide loans to small businesses up to $100,000 for work-ing capital, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.