Small Business Banking Partnership



From our local business to your local business.

Enabling more small businesses to acquire funding for expansions, new equipment, capital improvement, and other financing needs.

Initiated in May 2011 by Treasurer Steve Grossman, the Small Business Banking Partnership moves deposits into smaller regional, community, and local banks that have demonstrated leadership in providing capital to creditworthy small businesses to help them expand and create new jobs. The partnership reinvests Treasury deposits into community banks, who in turn promise to increase their small business loan portfolios.

The chart below shows Rockland Trust's most recent quarterly small business loan volume, Schedule RC-C, Part II - Loans to Small Businesses. 


Number and amount currently outstanding of "Commercial and Industrial Loans"


Quarter Ending

December 31, 2014

Quarter Ending

March 31, 2015


Number
of Loans

Amount
Outstanding

($000)

Number
of Loans
Amount
Outstanding
($000)

With original amounts of $100,000 or less:

9,300

120,759

9,396

119,123

With original amounts of more than $100,000 through $250,000:


830


84,586


835


75,718


With original amounts of more than $250,000 through $1,000,000:

719 

163,333

725

154,073


Each quarter, we report changes in lending in the Commercial and Industrial Loans category.


Get Started

For more information about this program, contact a Business Specialist or call us at 888.878.3425.