North Central Massachusetts Development Corp Grants a Micro-Loan to Small Business in Worcester
This loan will assist with the purchase of inventory, as well as marketing and other costs associated with starting the new business. The loan was a referral from the Small Business Development Center (SBDC) at Clark University. SBDC also assisted Lauren and Zack with a business plan and financial package.
As a microloan lender, the North Central Massachusetts Development Corporation can provide loans to small businesses up to $150,000 for working capital, equipment, inventory, expansion and can work with our banking partners to provide gap financing for the final piece of a project.