North Central Mass Development Corp Provides Funding to Three Downtown Fitchburg Businesses
The North Central Massachusetts Development Corporation (NCMDC) recently approved three loans totaling $55,000 to Strong Style Coffee, Bion Greek Kitchen and Mi Rinconcito Salvadoreno in Downtown Fitchburg.
Strong Style Coffee, owned and operated by Kimberly Jones on 37 Boulder Drive in Fitchburg, is a coffee shop that serves as a comfortable space where patrons can be creative and productive during the day and relax and enjoy events and entertainment at night. They offer coffee, pastries, breakfast sandwiches, and have a lunch menu, as well as beer and wine. Their loan for $25,000 was used to re-finance business debt, and were a referral from NewVue Communities where Kimberly also worked on the financial plan for the loan application. Check out information on their upcoming events on their social media pages, at
https://www.facebook.com/strongstylecoffee/ or on Instagram at strongstylecoffee.
Bion Greek Kitchen received a $20,000 working capital loan to assist with operating expenses during the pandemic. Gregor and Violet Labovitis initially operated the business out of their home before eventually growing sales enough to open a physical location on 356 Main St., in Fitchburg. For more information visit their website at bion-greek.square.site or https://www.facebook.com/BionGreek1/?fref=tag.
Mi Rinconcito Salvadoreno is a start-up Latin American convenience store on Main St., Fitchburg at the site of the former Shack’s Clothing store. Owner Idelfonso Guzman and his wife Carmen decided to open the store after finding there were no reasonably close options for genuine Latin American oriented groceries in the area. The store opened on July 1, 2020 and features groceries, snacks and other novelties. For more information visit their store on 444 Main St., Fitchburg.
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.