North Central Mass Development Corp Provides Financing to Little Explorers Child Care Center
The North Central Massachusetts Development Corporation (NCMDC) is proud to announce that Little Explorers Child Care Center, LLC has secured a micro-loan of $39,750 for the purchase of real estate.
Lindsey Page opened the Child Care Center in July of 2012, which is conveniently located off Route 2 in Templeton, and attracts families from surrounding towns. With the help of this loan, Lyndsey plans to purchase the building that she currently leases to accommodate her growing business. Quality care, convenient location, and flexibility to suit the individual family’s needs separates Little Explores Child Care Center from the competition; giving her a huge advantage over her market. This loan was in partnership with Bank Hometown and will create 2 jobs. For more information on Little Explores Day Care call (978) 939-8080.
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.
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 or visit www.choosenorthcentral.com.