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Commercial & Industrial Lending

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Danversbank is one of the most active commercial lenders in the state of Massachusetts. We offer a wealth of services designed to help your company succeed, including:
  • Working Capital Lines of Credit
  • Equipment Loans
  • Acquisition Financing
  • Asset-based Lending, where advances on revolving lines of credit are geared to a formula against a company’s accounts receivable and/or inventory
  • Cash Flow Lending, with loans made against cash flow or recurring revenue
  • Tax-Exempt Bond Financing, which provides below market rate financing for capital projects at a minimum threshold of $1,000,000.  (Projects to be financed must qualify under the federal tax code; examples are municipal and government projects, waste recovery and recycling facilities and 501(c)(3) nonprofits financing real estate and/or equipment.)
Danversbank has provided financing for hundreds of businesses over the years, most recently:
 

§         $4,000,000 to a mechanical contracting firm in Cambridge, MA

§         $4,500,000 to a bakery in Lawrence, MA

§         $6,200,000 to a commercial printer in Wilmington, MA

§         $11,000,000 in total loans to an insurance agency in Boston

§         $6,000,000 tax-exempt bond for the purchase and rehabilitation of new headquarters of an educational collaborative in Beverly, MA

§         $7,000,000 tax-exempt bond for a manufacturer in Haverhill, MA

§         $15,000,000 tax-exempt bond for renovation of a secondary school in Danvers, MA

For more information about Commercial & Industrial Lending, visit our Frequently Asked Questions Archive.  We understand that each company’s situation and goals are different; call a Danversbank Commercial Lender at 800-771-8200 to discuss the options available to you and to obtain a loan application.

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