Small Business Banking Partnership

Bristol County Savings Bank is one of twenty-three Massachusetts banks participating in the Small Business Banking Partnership created by the Massachusetts State Treasury. This program will redistribute state tax funds to insured, responsible community banks who will extend new loans to small businesses. Small businesses are central to business in the commonwealth as they represent a substantial 85% of business activity in the state. This initiative will not cost Massachusetts tax payers as it will simply reallocate previously paid tax funds from the treasury to local banks. In this way, tax funds can be used to speed economic recovery through new loans to small businesses which in turn will lead to new jobs and more money available to do business.