Funding to support business in Fitchburg
The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $10,000 loan to Magic Treasures, located at 914 Main Street in Fitchburg.
The loan will be utilized toward working capital and creates one full-time and one part-time job at the business. The funding follows a matching loan of $10,000 from the City of Fitchburg, and a small grant for façade improvements as part of Fitchburg’s North of Main program.
Following a career as a dental assistant, Keila Jardim, owner of Magic Treasures, decided to pursue her passion in mystical arts and open a business focusing on the health benefits of crystals. With this in mind, Magic Treasures sells specialty gift items with a focus on crystal sales and other novelty gift items for the alternative health care, and the mystical and spiritual niche market. The company was established September 2020, and recently relocated from Leominster to Main Street in Fitchburg. Keila received assistance with her business plan from NewVue Communities.
Jardim emigrated to America from Brazil when she was 16 years old. In Brazil, she resided in an area known for significant mining. “It was through this association that I developed a life-long passion and knowledge of crystals and their uses for health and mindful well-being,” she said.
“Many thanks to the North Central Massachusetts Development Corporation for their support of helping me achieve my dream of being a business owner,” said Jardim. “With this support, I am able to hire staff and continue to grow my business in downtown Fitchburg.”
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.