At a glance
From its website, read 2 Nov 2026North Central Massachusetts Development Corporation is a loan fund based in Fitchburg, Massachusetts. Its website describes microloans and small-business loans.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Website | www.northcentralmass.com/economic-development |
|---|---|
| Office (official list) | 860 South Street, Fitchburg, MA 01420 |
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 25 Oct 2013 |
| RSSD ID | — (none listed) |
| Address | 860 South Street, Fitchburg, MA 01420 Directions (Google Maps) |
| Website | www.northcentralmass.com/economic-development |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: medium. The emergency loan product comes from a 2020 launch announcement, and the $250,000 micro-loan figure is on the Chamber site, so current availability is unconfirmed; loan pages were not fetched. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $250,000 | As the state-designated regional economic development organization for North Central Massachusetts, we offer comprehensive support including micro-loans up to $250,000 and technical assistance. | source |
| Small-business loans | — | We provide financing and support to help small business growth in the region. | source |
Loan sizes
we offer comprehensive support including micro-loans up to $250,000 and technical assistance.
source
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://www.northcentralmass.com/economic-development/
- https://www.northcentralmass.com/emergency-micro-loan-program-launches/
- https://www.northcentralmass.com/es/emergency-micro-loan-program-launches/
- https://www.northcentralmass.com/mount-wachusett-community-college-earns-master-automobile-service-technology-accreditation-from-the-ase/
- https://www.northcentralmass.com/es/mount-wachusett-community-college-earns-master-automobile-service-technology-accreditation-from-the-ase/
- https://www.northcentralmass.com/fidelity-bank-announces-special-loan-program-for-individuals-businesses-affected-by-the-leominster-floods/
- https://www.northcentralmass.com/bankhometown-provides-economic-lifelines-to-northern-worcester-county-businesses-through-paycheck-protection-program-loans/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - What are the smallest and the largest loans you make?
No loan amounts are stated on their website. - What interest rate and fees should I expect on your microloans and small-business loans?
Their website does not state a rate for this. - Do you need collateral, a business plan or a minimum time in business?
Their website does not say what they require. - How long can I take to repay?
No repayment terms are stated on their website. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - What documents will you need from me, and how long does a decision usually take?
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.1 million in 1 award from the U.S. Treasury's CDFI Fund, 2021 (CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2021 | CDFI Rapid Response Program | $1,065,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Sep 2023| Total assets | $6.9M |
|---|---|
| Total liabilities | $845,375 |
| Net assets | $6M |
| Total revenue | $1.6M |
| Notes and loans receivable, net (Part X line 7) | $3.2M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending September 2023 (tax year 2022; EIN 04-2966372, filed as “NORTH CENTRAL MASSACHUSETTS DEVELOPMENT CORP”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue | Notes and loans receivable |
|---|---|---|---|---|
| Sep 2021 (990) | $6.2M | $5.1M | $3.6M | $2.2M |
| Sep 2022 (990) | $7.1M | $5.7M | $2.4M | $2.7M |
| Sep 2023 (990) | $6.9M | $6M | $1.6M | $3.2M |
Total assets grew 10% from Sep 2021 to Sep 2023; notes and loans receivable rose 43%. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| SBA approvals, FY2023–24 → FY2025–26 | 2 → 4 | Rank among the 6 certified CDFIs in Massachusetts with SBA approvals in either period: 5 → 4. |
| Total assets, latest IRS Form 990 | $6.9M | Larger than 12% of the 17 other certified loan funds and venture funds in Massachusetts with a matched Form 990 (median $22.9M). |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| SBA approvals then vs now | certified CDFIs in Massachusetts with SBA approvals FY2023–2026 | 5 | rank 5 → 4 of 6 |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Massachusetts | 17 | larger than 12% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. SBA 7(a) & 504 FOIA data as of 30 Sep 2026. Form 990 figures: IRS annual extracts (see the Form 990 section).
SBA loans approved
SBA data as of 30 Sep 2026The SBA's public loan data lists 6 SBA-backed approvals for North Central Massachusetts Development Corporation in fiscal years 2020–2026 (October 2019 to September 2026):
- 6 7(a) loans as the lender: $302,000 in total (gross amount approved), median $45,000
By fiscal year: FY2020 0 · FY2021 0 · FY2022 0 · FY2023 0 · FY2024 2 · FY2025 4 · FY2026 0.
By program
- 7(a) standard (6, 100%)
Where borrowers are
County of the borrower's ZIP code, 3 or more loans.
- Worcester County, MA (6)
How this lender was matched in the SBA files: SBA lender ID 0506046: same name, state and city (SBA lists “North Central Massachusetts Development Corporation”).
Approved is not the same as paid out: an approved loan can be reduced or never drawn. SBA lists the lender each loan is currently assigned to, which can differ after a merger or loan sale. North Central Massachusetts Development Corporation may also make loans outside SBA programs, which are not counted here, and SBA Microloans are not in these files.
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data, files as of 30 Sep 2026, downloaded 3 Nov 2026. Our counts, cancelled approvals left out. How we match lenders.
Other certified CDFIs in Fitchburg and Massachusetts
- Workers Credit UnionCredit union · Fitchburg, MAOfficial list only
- BOSTON IMPACT INITIATIVE FUND II LLCLoan fund · Jamaica Plain, MAEquity / venture investment, Small-business loansVerified
- BlueHub Loan Fund IncLoan fund · Boston, MAChild-care facility financing, Commercial real estate loans, Affordable housing development loans, Nonprofit / community facility loansVerified
- Cape & Islands Community Development Inc.Loan fund · Centerville, MASBA-backed loans (7(a)/504/Community Advantage), Small-business loansVerified
- Children's Investment Fund, Inc.Loan fund · Boston, MAChild-care facility financingVerified
- Community Development and Affordable Housing Fund, LLCLoan fund · Brookline, MAAffordable housing development loansVerified
Work at North Central Massachusetts Development Corporation? Link to this page
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