We’re here to help with trusted resources and support!
Supporting small businesses with the technical assistance and capital they need to start, grow and thrive is our passion.
When your business is only beginning to grow then it can be tough to get a traditional bank loan or secure the funds needed through other sources. We are here to help with trusted resources and support. We offer technical assistance and business loans up to $250,000 to help you build your business when financing is not available through traditional sources.
The North Central Massachusetts Development Corporation 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 with loans and business assistance.
Interested in a loan? Reach out to our team to schedule an appointment to discuss your needs.
We welcome referrals from banks, credit unions and other lenders!
The NCMDC is a great resource to refer a client who doesn’t qualify for a small business loan. The majority of our loans come directly from a referral partner. Referring a loan is a win-win-win for everyone and allows you to:
- Strengthen your reputation, retention of clients and long-term revenue
- Qualify for CRA credit for referring unqualified leads
- Retain the depository relationship, and secure future loans when the small business becomes bankable
- Refer those small dollar loans that you can’t do to a trustworthy source
- Fill in a funding gap on a larger loan that is beyond your bank’s comfort level. The NCMDC can partner on the loan and take a subordinate position on collateral to help make the loan a reality.
Contact our lending team today!
In keeping with its economic development mission and with federal and state laws, NCMDC is committed to the principles of fair or equal opportunity lending. A consistent and high level of assistance and service will be provided to all small businesses and business owners regardless of race, national origin, religion, sex, age, marital status, disability, receipt of public assistance, or other factors. Underwriting standards will be applied fairly and consistently permitting access to credit for a broad range of customers. Applicants with equivalent credit qualifications will receive the same consideration