MGCC Announces Support for Custom Seasonings, Inc.

PRESS RELEASE

CONTACT    Karen Brann
617-523-6262 Ext.221

Massachusetts Growth Capital Corporation Announces Support for Custom Seasonings, Inc.

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

The Massachusetts Growth Capital Corporation (MGCC) announced today a loan of $300,000 for Custom Seasonings, Inc. of Gloucester.

"Custom Seasonings is in a classic situation – the bank can't make additional loans – but sales are increasing – it's where a Massachusetts Growth Capital Corporation loan can make the difference" - said Charles T. Grigsby, MGCC Interim President.           

Custom Seasonings is a food manufacturer started in 2003 that creates flavor seasonings and spice blends for the food industry. The company has transitioned from primarily dry seasonings to liquid spices and seasonings. Custom Seasonings' business focus is on multi-unit restaurant chains, supermarkets, snack food manufacturers and processors of meat, fish and dairy products.

"It is a pleasure to work with the professionals at Mass Growth Capital. They are extremely responsive and clearly understand the needs associated with the continued growth and success of Custom Seasonings, Inc. Thanks to our partnership with them and the capital they provided, Custom Seasonings, Inc. will be able to create new jobs, increase our manufacturing capability and broaden the scope of our business," Mark Dellafera, Owner.

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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