Cambridge Savings Bank supports Cascade School Supplies with an $8.8 Million Home Loan to support Growth and Development.

CAMBRIDGE, Mass.–()–Cambridge Savings Bank (CSB)a full-service mutual bank with a customer-first approach and $6 billion in assets, today announced that Asset Based Lenders received $8.8 million in credit Cascade School Supplies. Based in North Adams, MA, Cascade sells a variety of educational supplies to public schools in the Northeast, while also catering to the office and furniture needs of other organizations.

Founded in 1928, Cascade is a family business with 25 full-time employees. It was greatly affected by the change in the trend of online education and needed working capital to improve its infrastructure as well as to open new income through sales and B2B bidding. The credit facility provided by CSB will support Cascade’s efforts to expand its sales channels and improve its assets.

“We began our search for a new banking partner at a very difficult time in our company’s path, and quickly realized that the CSB team was a unique fit for our needs,” the statement said. this. Pete CotePresident at Cascade School Supplies. “The quality of service provided by its Asset-Based Lending division, as well as their commitment to providing flexible financing options that reflect the reality of our business, has made CSB an instant standout. . We are excited to work with them as we look to scale and optimize our business.

If the traditional loan option is not the best solution, CSB’s Asset-Based Lending division can provide much-needed financing to help organizations achieve growth plans. Whether it’s a business looking to borrow money for growth, renovation, investment, or a sale, CSB has a variety of financing options available.

“Once we met with Pete and his strong staff, it was an easy decision to partner with this nearly century-old, local business, to help drive growth as they continue to recover from challenges. it was revealed by the disease,” he said. John Bobbin, First Vice President, Senior Asset-Based Lending Officer at CSB. “CSB has always been committed to supporting local businesses, and our team is pleased to provide Cascade with the funding it needs to continue to faithfully serve hundreds of schools and other organizations in the Northeast. hey.”

CSB’s commercial division is focused on serving the needs of its communities and businesses, offering a full range of Corporate Banking and Lending, Commercial Real Estate, Financial Management and Transactions. For more information about CSB’s custom solutions for business organizations, please contact John Bobbin, First Vice President, Senior Asset-Based Lending Officer c jbobbin@cambridgesavings.com.

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service bank with $6 billion in assets. As a cooperative bank, CSB is committed to improving the lives of our employees, customers, and the communities we serve. One of the oldest and largest banks in Massachusetts, Cambridge Savings Bank offers a full line of personal and business financial services through a strong network of Massachusetts branches and through digital solutions for businesses, small businesses and consumers. In 2022, CSB received an investment grade from the Kroll Bond Rating Agency to strengthen the bank’s position as a reliable business lender. For more information about how CSB can meet your needs, visit our cambridgesavings.com, or better yet, come meet us to help you make the most of your financial relationship. Member FDIC. Similar Home Loans.

About Cascade School Supplies

Cascade is a North Adams, MA based distributor of a full line of school supplies for grades pre-K through 12. The company was founded in 1928 by Robert Wells to primarily sell plastic and paper products. The company’s marketing focus and product offering evolved over the years and by the early 1950s Cascade narrowed its marketing focus to the sale of educational and utility furniture. In later years, Cascade changed its geographic focus to school districts in the northeastern United States. In 2012, the Company began bidding on school acquisitions. in the country. Cascade now carries a full line of office, arts and crafts, furniture, and general supplies. For more information about the company, you can visit: cascadeschoolsupplies.com.

Leave a Comment