LEOMINSTER — The North Central Massachusetts Development Corporation, the economic development arm of the North Central Massachusetts Chamber of Commerce, recently approved a $50,000 loan to VP Auto Repair and Mechanical, located at 39 Pleasant St. in Leominster.
The loan will fund the purchase of two vehicle lifts, a hydraulic bender station, a truck diagnostic kit, and the installation of an epoxy floor.
Owned and operated by Victor Perez since 2018, VP Auto Repair and Mechanical provides various repairs for vehicles, including auto mechanic repair, brakes, oil changes, and auto body repair and paint.
“As a small business owner in Leominster looking to grow my business, the funding from the North Central Massachusetts Development Corporation will go a long way toward achieving my goals,” Perez said.
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.