Cambridge Savings Bank Announces $20M Revolving Line of Credit to Arctaris Impact Investors to Enhance Community Investment Strategy

Arctaris creates inclusive opportunities for underserved people through partnership-driven, blended capital investments in sustainable enterprises

Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, today announced that its Asset-Based Lending (“ABL”) team has provided a $20M revolving line of credit to Arctaris Impact Investors, LLC (“Arctaris”). Based in Wellesley, Massachusetts, Arctaris will use the financing to expand its support for profitable, high-growth businesses in underserved communities across the U.S.

Founded 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. It aims to deliver attractive risk-adjusted returns while achieving measurable economic, social, and environmental impacts. To date, investments have enabled minority-owned enterprises to navigate industry challenges, retain vital jobs, and establish sustainable operations that offer fair wages and contribute to local economic resilience.

“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,” said Jonathan Tower, Founder and Managing Partner at Arctaris. “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.”

Consistent with Arctaris’ mission 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. The lending package from CSB will strengthen the Firm’s ability to serve low-to-moderate income communities, a central focus of its mission and investment strategy. With this line of credit, Arctaris will be better equipped to issue loans that drive community redevelopment, foster job creation in underserved areas, and support entrepreneurs and businesses often overlooked by traditional financial institutions.

“It is always rewarding to collaborate with a new customer whose values align so closely with our own,” said Yvonne Kizner, Senior Vice President, Head of Asset-Based Lending at Cambridge Savings Bank. “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.”

The Asset-Based Lending team at Cambridge Savings Bank is committed to addressing the unique needs of local communities and businesses by delivering tailored financing solutions that foster growth and operational flexibility. In November 2024, the Asset-Based Lending team celebrated reaching $500 million in commitments, a testament to their dedication, expertise, and unwavering commitment to support clients’ success.

To learn more about CSB’s custom Asset-Based Lending solutions, please contact Yvonne Kizner at ykizner@cambridgesavings.com or Michael Richardson at mrichardson@cambridgesavings.com.

About Arctaris Impact Investors, LLC

Arctaris Impact Investors, LLC is a national impact investment firm with experience spanning more than 15 years. The firm manages funds which invest in growth-oriented operating businesses, real estate, and community infrastructure projects located in underserved communities. Founded in 2009, Arctaris Impact has partnered with the Kresge Foundation, Harvard Business School Professor Michael Porter's Initiative for a Competitive Inner City, and multiple other foundation, federal and state government agencies to invest in Opportunity Zones, inner cities and targeted rural communities throughout the U.S., with the aim of delivering above-market investment returns alongside positive social impact. For more information visit arctaris.com.

About Cambridge Savings Bank

Cambridge Savings Bank is a full-service banking institution with $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

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