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18 Worcester Business Journal | Book of Lists 2020 | wbjournal.com F O C U S B A N K I N G & F I N A N C E Top local SBA 7(a) loan recipients Ranked by amount of loans, fiscal year 2020 as of March 31, 2020 Loan recipient Amount of loan(s) Business description 1 ODIC Inc. 295 Foster St. Suite 202, Littleton 01460 $1,500,000 Electronics engineering 2 Elita 7 LLC 16 Marble St., Worcester 01603 $1,200,000 Nursing care facilities 3 VAIA Technologies LLC 115 Flanders Road, Suite 105, Westborough 01581 $1,000,000 Professional, scientific, and technical services 4 AAH Investments Inc. 40 Chestnut St., Franklin 02038 $800,000 Full service restaurants 5 Mass Brewing LLC 175 Sterling St., Clinton 01510 $695,000 (a) Brewery 6 Now Ventures Inc. 841 Worcester St., #528, Natick 01760 $567,000 (b) Snack and nonalcoholic beverage bars 7 Country Montessori Inc. 30 Burbank Road, Sutton 01590 $562,500 Child day care services 8 Advans IT Services Inc. 65 Boston Post Road, Marlborough 01752 $500,000 Information services 8 LFR Enterprises LLC 20 Sewall St., Shrewsbury 01545 $500,000 Racetracks 8 Maestro Holdings LLC 36 Kingsbury Drive, Holliston 01746 $500,000 Other computer related services 8 NERT LLC 239 Maple St., Bellingham 02019 $500,000 Landscaping services 12 Grafton Restaurant Group Co. 10010 Shops Way, Northborough 01532 $450,000 (c) Limited-service restaurants 13 JD Automotive Service LLC 441R Washington St., Holliston 01746 $422,000 General automotive repair 14 Ear, Nose, and Throat Associates 475 Pleasant St., Worcester 01609 $364,000 (d) Health care 15 Alto Technologies Corp. 86 Leominster Road, Sterling 01564 $350,000 Audio and video equipment manufacturing 15 Boston Global Education Inc. 415 Boston Turnpike, #208, Shrewsbury 01545 $350,000 Professional, scientific, and technical services 15 Solvus Global LLC 104 Prescott St., Worcester 01605 $350,000 Computer systems design services 18 Belgrave Business Group Co. 482 Southbridge St., Auburn 01501 $265,000 Personal and household goods repair and maintenance 19 Genz Software & Consulting LLC 30 Lyman St., Westborough 01581 $250,000 Computer training 19 PB&A Manufacturing Inc. 31 Hayward St., Franklin 02038 $250,000 (e) Engineering services Source: U.S. Small Business Administration Notes: The SBA's 2020 fiscal year runs from Oct. 1, 2019 to Sept. 30, 2020. (a) two loans of $350,000 and $345,000 (b) Four loans of $292,000, $145,000, $80,000, and $50,000 (c) Two loans of $400,000 and $50,000 (d) Two loans of $214,000 and $150,000 (e) Two loans of $200,000 and $50,000 - Compiled by: Timothy Doyle, tdoyle@nebusinessmedia.com The U.S. Small Business Administration in June reopened applications for its Economic Injury Disaster Loans for entities impacted by the coronavirus pandemic. Applications for EIDL Advance emergency grants, which do not have to be repaid and are avail- able up to $10,000, will also be reopened. The EIDL program provides low-interest federal disaster loans with long repayment plans to businesses and organizations experiencing major economic upsets as a result of the coro- navirus pandemic. The loans can go toward covering debts, payroll, accounts payable and other bills not already covered by the Paycheck Protection Program, according to the announcement. The interest rate is 3.75% for small businesses and 2.75% for nonprofits. Payments are deferred for one year. EIDL loan applications, made widely available after the coro- navirus hit the United States, were temporarily halted on April 15, before then being set aside for agricultural businesses, according to a May 4 announce- ment from the SBA. The June announcement marked a signifi- cant re-expansion to the pro- gram. SBA reopens emergency disaster loans for small businesses SBA Administrator Jovita Carranza