SWANSEA – CDC New England, a certified development company, has given BayCoast Bank a 2016 Leading Lender Award.
CDC New England, an affiliate of BDC Capital, provides 504 loans through the U.S. Small Business Administration. Paul Flynn, president of the company, said Swansea-based BayCoast was awarded for its unparalleled commitment to the Southeast Massachusetts business community, according to a press release.
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“The commercial lending activities of BayCoast Bank demonstrate the bank’s strong interest to ensure a vibrant business community throughout the greater Fall River region,” Flynn said. “We value the partnership we have had with BayCoast over the years and look forward to continued opportunities to support the growth of small businesses in this region of the state.”
BayCoast last year made seven 504 loans in Massachusetts and Rhode Island.
“BayCoast recognizes the important role SBA plays in helping small-business owners grow their business,” said Nicolas M. Christ, president and CEO. “The BayCoast commercial lending team is comprised of lenders who are very experienced in all facets of SBA lending, and a support staff that understands the importance of customer services.”
BayCoast is a mutually owned savings bank chartered in 1851.
