Webster Bank Announced Deal to Provide $7.2 Million to Isle Brewers Guild

Webster Bank, a New England Council member, recently closed a $7.2 million financing deal with Isle Brewers Guild in Pawtucket, Rhode Island.

Webster Bank will provide $4 million to the Rhode Island Industrial Facilities Corporation and another $3.1 million loan via the U.S. Small Business Administration. The deal will consist of $2.8 million in bridge financing and $350,000 in working capital line of credit.

“We are looking forward to continuing to partner with home-grown, emerging, entrepreneurial business, like the Guild, in support of the expansion of local initiatives, by helping to empower them with products and services that will help their businesses grow and prosper,” said Webster’s Senior Vice President of Commercial Banking Anthony Capuano Jr., who led the transaction.

The New England Council thanks Webster Bank for continuing to support small businesses across New England like Isle Brewers Guild. Read more in Providence Business News and Commercial Property Executive.

Recently from the Blog

Commonwealth Care Alliance Donates to RI Nonprofits

10/14/2021 | Read Post

Cambridge Trust Commits $110M to Affordable Housing Construction

10/12/2021 | Read Post

In the News

NEC to Honor Historic All-Female Lineup of 2021 New Englanders of the Year

08/2/2021 | Read Press Release

NEC Board Elects Three New Directors

04/27/2021 | Read Press Release