North Central Mass Development Corp Makes Three Loans to Local Small Businesses

 

The North Central Massachusetts Development Corporation (NCMDC) has recently granted three small business loans totaling $109,500 to Piland Landscaping in Leominster; Yolanda’s Food Truck in Leominster; and Ayer Shop and Save.  The loans enabled these businesses to start-up or expand and create 25 new jobs.

NCMDC granted Piland Landscaping a loan for $20,000 to assist with the purchase of equipment and to provide working capital to help expand this landscaping and snowplowing business.  Jason Piland opened the business almost a year ago after ten years of experience working for a local landscaper.  He quickly secured contracts with many large local businesses and residential customers.  This loan will enable the business to expand with the purchase a skid steer.  Piland Landscaping services range from lawn management to landscape design, building patios, walkways, installing irrigation and drainage, as well as snowplowing.  This loan was referred to the NCMDC by Hometown Bank.  Visit their website at www.PilandLandscaping.com for more information.

Yolanda’s Food Truck received a loan from the NCMDC for $14,500 to assist this start-up with a food truck business selling Uruguayan food as well as hamburgers and hotdogs in the Leominster area.  Yolanda Rodriquez, owner, is self-taught and known in the local Uruguayan community for her culinary skills.  This loan will provide the funds to outfit the truck with a fire suppression system required by the Leominster Fire Department.  With the installation of the system, Yolanda will be able to cook food in the truck which will increase her inventory and menu selection.  This loan was a referral from the Twin City CDC in Fitchburg, one of our community partners.

Ayer Shop and Save is reopening the former Hannaford Supermarket which had closed in 2014.  Mike Szelest, working closely with Geronimo Commercial Properties, owner of the site, and the Town of Ayer was granted a $75,000 loan from the NCMDC to help with start-up costs to re-open the only supermarket located in Ayer.  Mike was owner of the Winchendon IGA.  He, along with his wife and son, will operate it as a full service supermarket offering national and “house” brands, a full service deli as well as beer and wine.  The store will specialize in offering local products and produce.  A grand opening is scheduled for late October.  This gap loan was in partnership with North Middlesex Savings Bank.

“Small businesses have proven to be the backbone of our economy, creating new jobs and investment and setting the stage for future economic growth for North Central Massachusetts,” said Roy M. Nascimento, President & CEO of the North Central Massachusetts Chamber of Commerce and the North Central Massachusetts Development Corporation. “The NCMDC plays an important role in helping provide these small businesses and entrepreneurs with the financing and technical assistance that they need to grow and create new jobs.”

As an EDA 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.

For more information about the NCMDC loan programs, please contact Sandie Cataldo 978-353-7607 x232.

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