North Central Massachusetts Development Corporation Approves Funding for RA Aldrich Trucking of Fitchburg
FITCHBURG – The North Central Massachusetts Development Corp., the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $44,000 loan to RA Aldrich Trucking in Fitchburg to help purchase a 2020 Peterbilt Model 389 tractor to replace the current truck that the Development Corp. funded a few years ago.
“When I started my business three years ago, I applied for a loan to facilitate the purchase of my first truck to make oil deliveries,” said Rafael Aldrich, owner of RA Aldrich Trucking. “With financial assistance and support from the North Central Massachusetts Development Corporation, I was able to update my equipment and continue to grow my business.”
As a microcredit lender, the Development Corp. can provide small business loans up to $250,000 for working capital, real estate, equipment, inventory, expansion and work with our banking partners to provide gap financing for the last part of a project.
For more information about Development Corp. loan programs, people can call 978-353-7607 or visit NorthCentralMass.com or ChooseNorthCentral.com.
The North Central Massachusetts Development Corp. is a non-profit economic development corporation whose mission is to create jobs and improve the economy. He is certified by the United States Small Business Administration and the United States Department of the Treasury under the Community Development Financial Institutions program. Since 1996, it has provided over $20,000,000 in small business loans to help create jobs and improve the region’s economy.