North Central Massachusetts Development Corporation approves financing to Lucy’s Furniture and Upholstery
Funding to support purchase of fabric, fuel future growth
North Central Mass.—The North Central Massachusetts Development Corporation (NCMDC), the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $15,000 loan to Lucy’s Furniture and Upholstery, located at 150 River Street in Fitchburg. The loan will fund the purchase of fabric for furniture repair and fuel future growth of the business.
Founded in 2004, Lucy’s Furniture and Upholstery is owned by Wilson and Patricia Arrua. Services provided include furniture repair, upholstery and the manufacture of custom furniture.
“I learned the craft of furniture repair while living in Uruguay from an Italian upholsterer before I immigrated to the United States as a young adult,” said Wilson Arrua. “With this funding and support from the North Central Massachusetts Development Corporation, I am able to purchase quality fabrics for my customers and establish my business for future growth as the local leader in furniture repair and upholstery.”
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.