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.
Original Amounts of Commercial and Industrial Loans
|Since Inception Until 12/31/2018||Quarter Ending 12/31/2018|
|With original amounts of $100,000 or less:|
Number of Loans: 282
Total Original Balances: $10,919,304.79
Number of Loans: 13
Total Original Balances: $689,640.51
|With original amounts of more than $100,000 through $250,000:|
Number of Loans: 62
Total Original Balances: $10,433,887.55
Number of Loans: 2
Total Original Balances: $300,000
|With original amounts of more than $250,000 through $500,000:|
Number of Loans: 24
Total Original Balances: $9,551,830
Number of Loans: 3
Total Original Balances: $1,733,500
Total Original Balances