Needham Bank Joins Massachusetts Invest MA Program to Expand Small Business Lending
Needham Bank has announced its participation in the Commonwealth of Massachusetts' Investing for the Long-Term Initiative (Invest MA). Administered by the Massachusetts State Treasurer's Office, this statewide program utilizes state cash deposits placed with participating banks to increase capital availability for creditworthy small businesses and nonprofits. The Invest MA initiative provides up to $500 million in available deposits across participating institutions. By leveraging these funds, Needham Bank aims to support local economic growth by providing financing to community-based, veteran-owned, and entrepreneurial businesses throughout Massachusetts for operations, hiring, and expansion.
Topics: Banking Partnerships Economic Development Small Business Lending