Lending-Solutions

Lending-Solutions


Even as local businesses in the community begin to re-open, we know that the acute economic impact of COVID-19 and associated closures will be felt for many months to come. As a trusted, local bank, we have the ability and capacity to help the local business community get back to work.
 
East Cambridge Savings Bank is very pleased to offer two lending products designed to help small and medium sized businesses:
 
Small Business Relief Loan:

  • A new loan program launched at the beginning of the COVID-19 crisis to help customers quickly access credit
  • $20,000 maximum loan
  • 9 months of interest only payments 
Main Street Lending Program:
  • A loan program in partnership with the Federal Reserve funded through the CARES Act
  • Loan amounts from $250,000 to $35 million
  • Principal payments deferred for two years and interest payments deferred for one year (unlike the Payroll Protection Program, this loan is not forgivable)
 
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East Cambridge at Your Service

  • Tim Bombard Image

    Tim Bombard

    EVP, Chief Lending Officer
    617.551.2420
    Email Tim
  • Debbie Dobbins Image

    Debbie Dobbins

    SVP, Commercial Lending Officer
    617.551.2541
    Email Debbie
  • Stephen Ferullo Image

    Stephen Ferullo

    SVP, Commercial Lending Officer
    617.551.2576
    Email Stephen
  • Rick Sullivan Image

    Rick Sullivan

    VP, Commercial Lending Officer
    617.551.2331
    Email Rick
  • Joseph Vinard Image

    Joseph Vinard

    SVP, Division President - Chelsea Bank
    617.551.2400
    Email Joseph
  • Lynn M. Wahlquist Image

    Lynn M. Wahlquist

    VP, Commercial Lending Officer
    617.551.2317
    Email Lynn

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