Sterling Academy of Gymnastics receives $50K loan from North Central chamber

The Sterling Academy of Gymnastics has received a $50,000 microloan from the North Central Massachusetts Development Corp. for working capital for pandemic-related relief and recovery, as well as to help start a remote education program, NCMDC announced on Tuesday.

NCMDC is the economic development arm of the North Central Massachusetts Chamber of Commerce, and can provide loans to small businesses up to $150,000 for working capital, equipment, inventory and expansion, and can also provide gap financing with banking partners.

The gymnastics academy recently introduced a remote learning program in response to the coronavirus pandemic, where participants may attend remote classes while also taking advantage of gym amenities, according to NCMDC. 

The gym offers programs like dance, ninja challenges and martial arts.