Cambridge Savings Bank provided a lending package to facilitate TransCOR Information Technologies’ business succession plan.
Cambridge Savings Bank provided a $9 million revolving line of credit to Auto Advance, an auto finance and loan company located in Wayland, MA.
The commercial lending team at Cambridge Savings Bank offered a lending solution to support the growth of LAB Medical Manufacturing with acquisition financing for a new manufacturing facility in South Carolina.
Cambridge Savings Bank’s asset-based lending team provided a $4 million credit facility to GWA Auto Parts, an importer, distributor and online retailer of automotive aftermarket parts, to support working capital investments as the company pursues growth through catalog expansion and M&A efforts.
Cambridge Savings Bank’s asset-based lending team closed a financing package for Medical Record Associates, a provider of medical coding, auditing and cancer registry services.
Cambridge Savings Bank’s asset-based lending team added an additional $6.5 million to an existing credit facility for Purity Services. Cambridge Savings Bank originally committed $4.35 million to the facility and with the add-on funds, is now providing a package totaling $10.85MM.
Cambridge Savings Bank provided an expanded credit facility to Worcester Envelope Company. The credit facility expansion was based upon the expected growth of Worcester as it becomes part of Moore, a marketing company.