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Small Business Banking Partnership

Helping local businesses get the credit they need for expansions, capital improvements, and other purposes.

The Small Business Banking Partnership is an innovative program created by the Massachusetts Office of the Treasurer, designed to move deposits into local banks who are at the forefront of lending to creditworthy small businesses. The Partnership invests Treasury deposits into community banks – like Mutual Bank – who increase their small business loans and help local businesses expand and create new jobs.

Each quarter, we report changes in the Commercial and Industrial Loans category.

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Original Amounts of Commercial and Industrial Loans

 Since Inception Until 9/30/2018Quarter Ending 9/30/2018
With original amounts of $100,000 or less:

Number of Loans: 269

Total Original Balances: $10,229,664.28

Number of Loans: 12

Total Original Balances: $369,158.94

With original amounts of more than $100,000 through $250,000:

Number of Loans: 60

Total Original Balances: $10,113,887.55

Number of Loans: 2

Total Original Balances: $326,674

With original amounts of more than $250,000 through $500,000:

Number of Loans: 21

Total Original Balances: $7,778,330

Number of Loans: 2

Total Original Balances: $850,000

Total Original Balances

 

Meet The Business & Commercial Lending Team

Jeff Charnel headshot

Jeff Charnel

Vice President
Commercial Lending
Southeastern MA

781-523-4419

Tim Coe headshot

Tim Coe

Vice President
Commercial Lending
Middleboro Region

781-524-5031

Vin Loycano headshot

Vin Loycano

Vice President
Commercial Lending
Whitman - Hanson Region

781-524-5014

Dan Trout headshot

Dan Trout

Senior Vice President
Commercial Lending
Southeastern MA

781-524-5044

Contact a Commercial Lender

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