North Central Massachusetts Development Corporation approves financing for Katallage Wellness Center

The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently provided financing of $50,000 to Katallage Wellness Center, located at 73 Front Street in Shirley, to support the startup costs of opening the business. The funding will help create five full-time and two part-time employees.

The Katallage Wellness Center is a holistic wellness center dedicated to improving the well-being of patients by helping to achieve a sense of balance and harmony in all aspects of life, including physical, emotional and mental health, spiritual growth and personal development.

The center was recently founded by Henri Balaguera, M.D., a physician with a strong medical background who immigrated to the U.S. from Columbia in 1993, following completion of his medical training in Bogata. Under Dr. Balaguera’s leadership, the center will provide complementary, integrative and multimodal health care treatments to identify and address the root causes of chronic diseases to help promote the whole person’s health and well-being.

“With the support of the North Central Massachusetts Development Corporation, I have the opportunity to become a business owner in my community and to offer evidence-based treatments, therapies, acupuncture and yoga as a complement to their health, mental health to achieve optimal results,” said Dr. Balaguera.

As a microloan lender, NCMDC can provide loans to small businesses up to $250,000 for working capital, real estate, equipment, inventory, expansion and working with our banking partners to provide gap financing for the final piece of a project.

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