More than a 504

2.23%

Equipment 10-year Fixed

2.62%

Real Estate 20-year Fixed

2.71%

Real Estate 25-year Fixed

Time To Make Face Masks!

SOME GOOD NEWS!

 Many of our 504 borrowers are helping the community deal with the COVID-19 crisis. We want to share their stories.

CDC New England SBA 504 Borrower: 
Standard Modern Company, Inc.
New Bedford, MA
Holding 6-foot social distancing sticks and signage
.
Time to make face masks!
  
.
Standard Modern Company, Inc. is a woman-owned commercial printer based in New Bedford, Massachusetts.
.
The company continues to operate as an essential services business during the Covid-19 crisis due to their healthcare, transportation, and public service printing contracts. Floor graphics have always been part of their product offering but now many of the requests are for social distancing and drive-through testing signage. They have donated much of it to local hospitals such as South Coast Hospitals system, Boston Medical Center, and Boston Public Health Commission for the importance of distancing awareness, area segregation, and best hygiene practices.
.
They have also branched out to make face masks and shields.  Their embroidery operators and seamstresses have been producing cloth and paper face masks, and the finishing department has been producing face shields which have been donated to the MBTA, local police and fire departments, local businesses, YMCA, and homeless outreach agencies.
.
This third-generation family-owned business is doing whatever they can to help out!
.
CDC New England provided Standard Modern with an SBA 504 loan to acquire real estate, make leasehold improvements, and purchase equipment.