Leominster Salon Receives Micro-loan from North Central Mass Development Corp

The North Central Massachusetts Development Corporation (NCMDC) granted a micro-loan to Angelica Jimenez for $25,000 to assist the purchase of equipment and the costs associated with starting Angel Salon and Spa in Leominster. Angelica has over 15 years of experience in the industry.  Angel Salon is a professional salon and spa offering services to men, women and families conveniently located at Twin City Plaza, 875 Merriam Ave. in Leominster.

This loan was a gap loan in partnership with Fidelity Bank.  NewVue Communities assisted the new owner with a business plan and financial package.  For more information please visit www.angelsalonandspa.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.