Cambridge Savings Bank (CSB), a full-service mutual bank with $7 billion in assets, announced that its Asset-Based Lending team has provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, MA, Arctaris will use the financing to expand its support for businesses in underserved communities across the U.S.
Founded in 2009, Arctaris blends public and private funding to provide loans to lower-middle-market companies in under-resourced urban and rural areas. The firm’s investments support job creation, business sustainability, and economic growth in communities that traditional financial institutions often overlook.
“This credit line strengthens our ability to invest in businesses that drive economic resilience in underserved areas,” said Jonathan Tower, founder and managing partner at Arctaris. “We value Cambridge Savings Bank’s commitment to supporting impactful initiatives that promote economic opportunity.”
CSB’s financing will help Arctaris continue its mission of integrating impact-driven investment into its lending strategy. The funds will support business expansion, job retention, and community redevelopment efforts that contribute to economic growth in low-to-moderate income communities.
“It is rewarding to collaborate with a mission-driven organization like Arctaris,” said Yvonne Kizner, senior vice president and head of Asset-Based Lending at Cambridge Savings Bank. “As a bank committed to strengthening the communities we serve, we are proud to support initiatives that create meaningful economic impact.”
