MGCC Announces Financial Support for Interior Stone, LLC & Affiliates

Press Release

Contact:  Karen Brann, MGCC

617-523-6262

Massachusetts Growth Capital Corporation Announces Financial Support for

Interior Stone, LLC & Affiliates

MGCC provides capital and advice for small businesses to create and retain jobs in Massachusetts

February 10, 2012 Waltham – The Massachusetts Growth Capital Corporation (MGCC) announced today a loan for Interior Stone, LLC and affiliates.

 “MGCC is pleased to join the financing support for this company with a $200,000 Line of Credit. Joe McCarthy and his team have fought through downturns and the recent recession to re-build profitability, all while maintaining their high quality of customer service in both the commercial and residential markets.” Charles T. Grigsby, MGCC President. 

Interior Stone, LLC and Affiliates are installers of custom stone and tile in high end residential homes and commercial projects. Customers include luxury home builders, large design and construction contractors, plus kitchen and bath designers. Services are also provided through their two retail operations, both with showrooms, in Natick and on the first floor of their Waltham corporate offices.

“We have been in business for 11 years now. For the last several years with the economic downturn the construction field has certainly taken a hard hit, we like a lot of other construction based companies have struggled to make ends meet. I was recently referred to Mass. Growth Capital Corp, and began working with Kim Foster on obtaining a line of credit that would allow my company to meet its weekly financial obligations, along with some flexibility to purchase materials and supplies for some large scale projects. This new line of credit has also allowed us to continue to service all of our regular customers without any interruptions.”  Joseph McCarthy, Principal

The Mission of Massachusetts Growth Capital Corporation is to provide capital to Massachusetts small businesses, women and minority owned businesses and local development efforts, in flexible financing programs, by supplementing the capital available from private financial institutions, including non-bank lenders, in order to promote the creation and maintenance of good jobs for Massachusetts residents.

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