The asset-based lending team at Cambridge Savings Bank, a full-service mutual bank with $7 billion in assets, provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, MA, Arctaris will use the financing to enhance the capabilities of Arctaris Impact’s abilities to provide profitable, growth-oriented businesses in underserved regions throughout the United States.
“Cambridge Savings Bank stands out among other banks for preserving the value of personal relationships. This collaboration marks a pivotal moment for Arctaris, opening doors to exciting growth and investment opportunities,” Jonathan Tower, founder and CEO of Arctaris, said. “The fresh capital presents us with newfound flexibility to drive innovation, create inclusive opportunities, and deliver exceptional value to our investors while reinforcing our position as a leader in the impact space.”
“It is always rewarding to collaborate with a new customer whose values align so closely with our own,” Yvonne Kizner, senior vice president, head of asset-based lending at Cambridge Savings Bank. said. “As an organization dedicated to enriching the lives of individuals and families in the communities we serve, we are proud to support Arctaris in advancing solutions that create lasting economic impact. We deeply appreciate the team at Arctaris for trusting us to contribute to this important work and help uplift those who need it most.”
