June 28, 2021
Lending and investing began in 2020 and at year-end CCC made loans and investments totaling $3,080,000 to seven companies within its target markets. In addition, CCC created relationships with other economic development entities including the Worcester Business Development Corporation (WBDC) and the Massachusetts Small Business Capital Access Program (CAP). CCC entered in to agreements to underwrite and service loans for both of these entities. During 2020, CCC underwrote 9 SBA loans totaling $8.8 million and serviced 42 SBA loans totaling $19.7 million on behalf of WBDC. CCC is actively seeking additional partnerships with appropriate economic development entities including those that provide mentoring, education, or technical assistance to CCC target communities.
