Massachusetts Banking Partners
Lender Name: RiverBank
Contact Name: Christopher J. Kuchar, Vice President, Commercial Lending
Contact e-mail: ckuchar@riverbk.com
Contact phone/fax: Phone (978) 725-7784/Fax (978) 725-7607
Address: 30 Massachusetts Avenue
City: North Andover
State: MA
Zip: 01845
Geographic Service Area: Merrimack Valley
Description of Product:
- This loan product is designed for small to mid-sized business customers. General description includes: Businesses that have been operating for 2 years or more. Gross annual sales of $50,000 to $5 million. Must have a positive cash flow for two consecutive years.
- Rates will be at Prime + .50 on lines of credit. Variable. Lines will be reviewed every year. Term loans: FHLB rate plus a margin of 1.50 for life of the loan.
- Loan sizes will range from a minimum of $5,000 to a maximum of $400,000.
Technical Assistance Partners:
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