North Central Mass Development Corp Provides Funding to Two Businesses

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The North Central Massachusetts Development Corporation (NCMDC) approved two loans totaling $30,000 to 290 Auto Body Inc. and American Transport.

290 Auto Body Inc., owned and operated by Justin E Forkuo on 1 Stowell Ave in Worcester, is an auto body collision repair shop that specializes in all aspects of vehicle services. They offer dent and scratch repair, insurance claim handling, collision or/and mechanical work.  Their loan for $20,000 was used as working capital to continue operating during the pandemic. For more information visit their website at www.290autobody.com.

American Transport received a $10,000 working capital loan due to the coronavirus pandemic disruption. James Belletete started a full-service auto transport focused on delivering fast and reliable vehicle transport solutions between New England and Florida in 2008 and is now a license Auto Broker/Carrier allowing delivery to all 50 states. For more information visit their website at www.newenglandtoflorida.com.

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.

 

About the North Central Massachusetts Development Corporation

The North Central Massachusetts Development Corporation (NCMDC) is a non-profit economic development corporation with the mission of creating jobs and improving the economy. 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 in 76 communities in Worcester, Middlesex and Franklin Counties with loans and business assistance.  Since 1996, the NCMDC has granted over $8,000,000 in loans to small businesses to help grow jobs and the economy in the region.

For more information about the NCMDC loan programs, please call 978.353.7607 or visit ChooseNorthCentral.com.