Leominster utility contractor receives $113K from North Central Mass. Development Corp.
Photo | Courtesy North Central Massachusetts Development Corp.
(From left) Steve Sugar, vice president of lending at the North Central Massachusetts Development Corp.; Nico Mieres of JC Ferreira Construction; Paul Ferreira, president of JC Ferreira Construction; and Sandie Cataldo, senior economic development manager at the North Central Massachusetts Chamber of Commerce.
JC Ferreira Construction, Inc., a Leominster contractor specializing in utility and road construction, received a $112,500 loan from the North Central Massachusetts Development Corp. to fund the purchase of new equipment.
The loan helped to retain four jobs in Leominster, according to a Wednesday press release by the North Central Massachusetts Chamber of Commerce.
JC Ferreira Construction, founded in 2020, is a family-run business and is certified as a minority business enterprise by the Supplier Diversity Office of the Operational Services Division in Massachusetts. The company is also a Disadvantaged Business Enterprise certified by the Massachusetts Department of Transportation and the New Hampshire Department of Transportation.
“The opportunity to purchase additional equipment through this loan will enable us to expand our dedication to strong loyalty, trust and satisfaction with our customer projects,” Co-founder Paul Ferreira said in the press release.
The North Central Massachusetts Development Corp. is the economic development arm of the North Central Massachusetts Chamber of Commerce. The NCMDC is a microloan lender that can provide loans of 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.
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