Waterbury, Conn.-based Webster Bank, which has a presence in the Bay State, has provided $5.6 million in financing for Braintree’s New England Office Supply Inc.
The financing package includes a $5 million revolving line of credit and $600,000 in equipment financing, according to a statement. New England Office Supply is also using Webster’s cash management and depository services.
Webster Bank was also named New England Office Supply’s primary bank.
"We are very happy with the level of service we received from Webster," said Indira Patel, president and CEO of New England Office Supply. "We view Webster as an important business partner that will help us attain our financial goals."
