Funding to support opening of bike repair and service shop in Fitchburg
The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $20,000 loan to Josh Merchant, owner of The Break Bike Shop, located at 872 Main Street, Fitchburg. The loan, which was referred by NewVue Communities, will support the bike shop’s start-up costs and the creation of one full-time and one part-time job opportunity in the community.
The shop provides full-service and repairs for all makes and models of bicycles, including high-end, specialty, gravel and fat bicycles, led by Merchant’s more than 20 years of experience. Bicycle accessories and parts are also available for purchase at the shop.
“The Break Bike Shop provides quality service and expert repairs for beginners and bicycling enthusiasts alike,” said Merchant. “With the financial assistance and support from the North Central Massachusetts Development Corporation, I was able to realize a dream to open a bicycle shop right in downtown Fitchburg on the same street where Art Longsjo likely trained for his many races.”
Merchant plans to be involved with the Twin Cities Rail Trail and in keeping the legacy of the Longsjo Classic bicycle races alive. For more information visit www.thebreakbikeshop.com.
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.