07.1.2010
SBA Lists EBSB as a Top Lender in Massachusetts
The U.S. Small Business Administration has listed East Boston Savings Bank as a top lender in SBA Lending in Massachusetts. EBSB is an Approved SBA Preferred Lender and can make loans using SBA's popular 7(a) Loan Guaranty Program, SBA's primary loan product. SBA 7(a) loans are available to help qualified small businesses obtain financing when they might not be eligible for business loans through normal lending channels. SBA can guarantee loans up to $2 million and are available for most business purposes, such as to purchase commercial real estate, equipment, and inventory as well as for short-term working capital.
East Boston Savings Bank's Vice President, Joe Scurio heads up the lending program. "We have been an approved lender for only a year, so we are very excited about our recent listing as a top SBA Lender in Massacusetts. The Bank has made a commitment to lending to small businesses and we appreciate that the SBA has recognized the success of our efforts, "says Scurio.
For more information about SBA, visit www.sba.gov/ma or contact Joe at jscurio@ebsb.com.
|
Business Banking