Brookline Bank Provides $1M Credit Line to MCCI for Small Biz Loan Program
Boston-based Brookline Bank has provided a $1 million line of credit to Mill Cities Community Investments that will fund the latter’s small business lending program.
As Margins Shrink, Mass. Banks Wait for Clarity on Section 1071 Rule
A proposed bank regulation intended to highlight any existing racial discrimination in small business lending is being met with resistance by local and national banks who say their finances are under pressure.
Eastern Bank Spins Off Foundation for Business Equity to CDFI
The Boston-based nonprofit organization founded by Eastern Bank to support small business owners of color has merged with Mill Cities Community Investments, a Lawrence-based community development financial institution.
Banks Chip in to Biz Relief Fund in Merrimack Valley
Fifteen lenders from across Massachusetts pumped an additional $2 million into the emergency loan fund intended to help businesses stay afloat as they contend with the effects of last month’s gas fires and explosions in the Merrimack Valley, the governor announced Wednesday.
