North Central Mass Development Corp Provides Financing to Beemer’s Pub & Sharp Design
The North Central Massachusetts Development Corporation (NCMDC) is proud to announce that Sharp Design and Beemer’s Pub and Grill, both of Fitchburg, are recipients of loans through our new Express Loan Program.
Beemer’s Pub and Grill, a restaurant that recently relocated to 310 Main Street in Fitchburg, received an express loan of $5,000 for working capital to assist with their re-opening. Beemer’s has proudly served the Fitchburg and surrounding communities for many years until a fire destroyed their previous location on River Street in Fitchburg in March of 2015. They are now looking to make an impact with the new location in a higher visibility and traffic area. Beemer’s was a referral from NewVue Communities (formerly Twin City CDC) and this loan will help to retain 20 jobs. For more information visit www.beemerspub.com.
Sharp Design of 360 Summer Street in Fitchburg, a popular hair salon, was in need of equipment upgrades. With a $5,000 Express Loan, Sharp Design will make needed upgrades. Now Sharp Design is using state of the art equipment leaving their clients happy and satisfied. Sharp Design was also a referral from NewVue Communities. This loan will help to retain 10 jobs. For more information about Sharp Design call (978) 343-3324.
The North Central Massachusetts Development Corporation has developed a new Express Loan Program to assist existing small businesses that need quick access to funding. The new program offers a loan request up to $5,000 with financing available within a week. If approved, the business is also eligible to receive business assistance from NCMDC staff and consultants.
“Helping strengthen small businesses and entrepreneurs stimulates job creation and is critical to North Central’s economic growth,” said Raymond J. Martino, President of Simonds International and Chairman of the Board of the NCMDC. “The North Central Massachusetts Development Corporation is providing much needed capital and technical assistance to help our local businesses grow and thrive in the region.”
As a 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.
The North Central Massachusetts Development Corporation (NCMDC) is a non-profit corporation with the mission of creating jobs and improving the economy of North Central Massachusetts. 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 with loans and business assistance. Since 1996, the NCMDC has granted over $4,200,000 in loans to small businesses to help grow jobs and the economy in 26 communities in the North Central Massachusetts region.
For more information about the NCMDC and its loan programs, call 978.353.7607.