Funding to purchase real estate for business operations in Groton
The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $206,000 loan to Salt and Light Café to provide funding toward the purchase of property at 159 Main Street in Groton, where the business operates. This loan was in partnership with Main Street Bank and ensures employment of 3 full-time and 3 part-time jobs in the community.
The cafe was opened in 2015 by owners Josiah and Linda Coleman, who also operate Coleman Catering. Josiah serves as Executive Chef, and Linda oversees the operations for both the catering company and the café.
Located in downtown Groton, the café uses only fresh ingredients and provides a relaxing environment for guests to relax and linger while enjoying bold, eclectic dishes that fuels and inspires those served. “When we opened Salt and Light, we wanted to create an environment where customers feel welcomed as our friends,” said Josiah Coleman. “Through the support of the North Central Massachusetts Development Corporation, in partnership with Main Street Bank, we can cement our roots in downtown Groton as a place to enjoy savory cuisine with family and friends.”
In addition to providing food, the café also boasts a small retail boutique area with items for sale from local makers, artists, farms and businesses.
As a microloan lender, NCMDC can provide loans to small businesses up to $250,000 for working capital, real estate, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.
For more information about the NCMDC loan programs, please call 978.353.7607 or visit NorthCentralMass.com or ChooseNorthCentral.com.