Funding purchases equipment for new repair start-up
The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $35,000 loan to Soto Hydraulic Repair LLC, located in Winchendon.
Funding will provide equipment for the growing hydraulic repair start-up which specializes in repairing systems for industries such as agricultural, industrial, transportation and manufacturing.
Owner Pedro Soto-Cruz has more than 20 years of experience repairing hydraulic systems. He is certified in visual weld inspections and Arc welding, and has experience in fabricating parts used in hydraulic systems. Pedro worked with NewVue Communities Small Business Assistance Program to create his business plan.
“After two decades in hydraulic repair, I am excited to create a business of my own,” said Soto-Cruz. “With support from the North Central Massachusetts Development Corporation, I now have the equipment I need to get my company off the ground.” Contact Soto Hydraulic at 978.870.9994.
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.