(Regional) – The North Central Massachusetts Development Corporation (NCMDC) – the economic development arm of the North Central Massachusetts Chamber of Commerce – recently approved a $50,000 loan to the 50-50 Diner in Fitchburg.
The 50/50 Diner, a restaurant in Fitchburg managed by David and Reesi Cordio and Michael Cataldo, received a $50,000 microloan to refinance high interest business debt, purchase some equipment and utilize working capital during the pandemic. As the restaurant was shut down at the height of the stay at home advisories, David and Michael decided to take advantage of the down time to make some improvements in their restaurant. They made some cosmetic upgrades to the dining room as well as to some kitchen equipment. The diner is located at 440 River Street in Fitchburg and can be found online at facebook.com/50greeneggs/.
As a microloan lender, the North Central Massachusetts Development Corporation (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.