A meat product distributor on the South Shore was looking to be acquired but the prospective buyers lacked the capital to complete the purchase, endangering many local jobs. MGCC worked with the primary bank and provided a term loan of $500,000 needed to complete the acquisition.
As a result, the company was able to preserve 19 local jobs, pivot well through the COVID-19 pandemic by shifting to prepared foods and maintain incredible performance to pay off the loans in full.
