Cambridge Savings Bank (CSB), a full-service mutual bank with $7 billion in assets, announced that its Asset-Based Lending (ABL) team has provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, Massachusetts, Arctaris will utilize the financing to expand its support for profitable, high-growth businesses in underserved communities across the U.S.
Launched in 2009, Arctaris has developed an innovative capital structure that blends public funding from state agencies with private equity and debt capital.
Arctaris provides loans to lower-middle-market companies in under-resourced U.S. cities and rural areas. And it aims to deliver attractive risk-adjusted returns while achieving measurable economic, social, and environmental impacts. So far, investments have enabled minority-owned enterprises to navigate industry challenges, retain vital jobs, establish sustainable operations that offer fair wages, and contribute to local economic resilience.
With Arctaris’ goal to integrate impact into every investment decision and drive equitable prosperity in under-resourced communities, Arctaris bridges the gap between the public and private sectors to drive positive impact nationwide. This lending package from CSB will strengthen the Firm’s ability to serve low- to moderate-income communities, which is a central focus of its mission and investment strategy. With this credit line, Arctaris will be better equipped to issue loans that drive community redevelopment and job creation in underserved areas while supporting entrepreneurs and businesses often overlooked by traditional financial institutions.
The Asset-Based Lending team at Cambridge Savings Bank is committed to addressing the needs of local communities and businesses by delivering tailored financing solutions that foster growth and operational flexibility. And in November 2024, the Asset-Based Lending team celebrated reaching $500 million in commitments, a testament to their dedication and expertise.
KEY QUOTES:
“Cambridge Savings Bank stands out among other banks for preserving the value of personal relationships. This collaboration marks a pivotal moment for Arctaris, opening doors to exciting growth and investment opportunities. The fresh capital presents us with newfound flexibility to drive innovation, create inclusive opportunities, and deliver exceptional value to our investors while reinforcing our position as a leader in the impact space.”
- Jonathan Tower, Founder and Managing Partner at Arctaris
“It is always rewarding to collaborate with a new customer whose values align so closely with our own. As an organization dedicated to enriching the lives of individuals and families in the communities we serve, we are proud to support Arctaris in advancing solutions that create lasting economic impact. We deeply appreciate the team at Arctaris for trusting us to contribute to this important work and help uplift those who need it most.”
• ⁃ Yvonne Kizner, Senior Vice President, Head of Asset-Based Lending at Cambridge Savings Bank
