The North Central Massachusetts Development Corporation (NCMDC) recently granted a $5,000 Express Loan to Jennifer Morales, owner of Genesis Coaching and Consulting located in Acton. Genesis is a coaching and consulting private practice for educational, career, and wellness goals with a special focus on those living with a mental illness, their family member, and first generation college students. Dr. Jennifer Morazes has been coaching and mentoring students for 20 years and recently opened her own business which is located at 282 Central Street, Acton, MA. This loan will assist with the purchase with start-up costs associated with starting this new business. The loan was a referral from Commerce Bank. For more information visit www.genesistimetobegin.com
As a microloan lender, the North Central Massachusetts Development Corporation (NCMDC) can provide loans to start up and emerging 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. NCMDCs Express Loan program is a $5,000 microloan that offers a quick and easy turnaround for access to capital. Express Loan clients must have been in business for a minimum of one year.
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.