Asset-Based Lending
Our expert team takes a creative approach that's tailored to the unique needs of your business, not just any business. Whether you’re looking to borrow funds for growth, recapitalization, working capital, or an acquisition, merger, or buyout, we have the financing you need to meet your business goals.
Expertise in Asset-Based Lending
We offer tailored solutions to meet our client's unique needs.
Transaction Sizes
Loans range from $2 million to $20 million for businesses and strategic partners located in the Northeast.
Revolving Loans
- Secured by accounts receivable and inventory
- Advance rates on eligible inventory up to 85% of appraised value
- Advance rates on eligible accounts receivable up to 90%
- Seasonal stretch facilities where appropriate
- Competitive interest rates
Term Loans
- Secured by equipment, real estate, and as appropriate, intellectual property
- Amortizing and non-amortizing, depending on the situation
- Flexible amortization schedule, including moratorium and varying terms relative to cash flow
Check Out Some of Our Recent Deals
![Yvonne_Kisner](/sites/default/files/styles/crop_thumbnail/public/2020-04/Headshots_Source_X2_YvonneK.jpg?itok=FKb08Y1b)
Yvonne Kizner
SVP | Head of Asset Based Lending
Phone: 617.234.7232
Email:
ykizner@cambridgesavings.com
![](/sites/default/files/styles/crop_thumbnail/public/2022-04/Bobbin_John_web_564x718.jpg?itok=U4O8SQEd)
John Bobbin
FVP | Asset-Based Lending
Phone: 617.575.8590
Email:
jbobbin@cambridgesavings.com
![Michael Richardson](/sites/default/files/styles/crop_thumbnail/public/2023-12/Michael_Richardson_564x721.jpg?itok=oJjj5ltU)
Michael Richardson
VP | Relationship Manager
Phone: 617.441.7062
Email:
mrichardson@cambridgesavings.com
Throughout her 6 years at CSB, Yvonne has proven herself as a talented banker and respected colleague with over 25 years of valuable industry experience. Prior to joining CSB and co-founding the Asset-Based Lending group in 2019, Yvonne served in leadership positions in Asset-Based Lending at banks including Blue Hills Bank and First Niagara Commercial Finance, as well as providing leadership within asset valuation groups including HCP Asset Advisors, LLC, Hudson Capital Partners and Gordon Brothers Group. Yvonne earned her Bachelor of Science at Babson College and started her career as a Certified Public Accountant at PricewaterhouseCoopers.
John is a First Vice President and Senior Asset-Based Lending Officer at Cambridge Savings Bank. In his current role, John provides solutions to assist businesses with financing needs to support growth, recapitalization, working capital, or an acquisition, merger, or buyout.
John has been with Cambridge Savings Bank since September 2018 and has been part of the Asset-Based Lending team since August 2019. Prior to joining Cambridge Savings Bank, John spent twenty-one years in corporate banking at Citizens Bank, with seventeen of those years specializing in Asset-Based Lending. John has a BA in Economics and English from Tufts University and an MBA from Boston University.
Michael is a Vice President and Relationship Manager at Cambridge Savings Bank. He is responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities. Additionally, he supports the team in crafting custom solutions to assist businesses with financing needs to support growth, recapitalization, working capital, and/or an acquisition, merger, or buyout.
With over a decade of experience in the local banking industry, Michael has established strong connections in the New England ABL industry. Prior to his current role, Michael served as a Portfolio Manager, Asset-Based Lending at Eastern Bank for nearly six years. Earlier in his career, Michael gained experience working in the ABL division for a number of well-known banking institutions, including Key Corporate Bank, First Niagara Bank, and TD Bank. During his career, Michael has managed a variety of account sizes and has underwritten loans to commercial, industrial, retail, and wholesale companies.
Michael holds a Bachelor's degree in Finance and Accounting from Northeastern University and a Master's in Business Administration from Bentley University.
Start Your Relationship Today
To learn more about Asset-Based Lending at Cambridge Savings Bank, or to schedule a meeting, connect with us today.