Loan Committee Members
Bank of America
James Shaw,
Sr. Vice President
Bank of Canton
John McCarthy, Loan Pool Chairman
Vice President
Century Bank
Kathleen Kelly,
Assistant Vice President
Colonial Federal Savings
Robert Guarnieri,
President & CEO
Eastern Bank
James Flaherty,
V.P. Small Business Banking
Rockland Trust Co.
Helen Garvey,
Vice President
South Shore Co-operative Bank
Mike Watson,
Vice President
South Shore Savings Bank
John Mannion, Loan Pool Vice-Chair
Vice President
Sovereign Bank
Thomas Landers,
Business Development
Barry & Associates
Richard Barry, Esq.
Legal Councel
Quincy 2000 Collaborative
Dean Rizzo,
Executive Director





Funded by ten local banks and administered by Quincy 2000, the $5 million loan pool provides resources to start or expand a business in Quincy. Ranging from $20,000 to $200,000, loans can be used for machinery and equipment, inventory, working capital, leasehold improvements and other start up or expansion expenses. Loaned on a term/installment basis, the program fills the gap for businesses that do not qualify for adequate conventional financing.

The program serves all types of businesses – new or existing, service, retail, industrial or commercial – located in the City of Quincy. Since 1992, 59 businesses have received $3,814,800 in loans and over 350 jobs have been created.

To learn more about applying,
click here.

Loan Pool Funds are provided
by the following banks:

Bank of America
Bank of Canton
Century Bank
Colonial Federal Savings
Eastern Bank
Rockland Trust Co.
South Shore Co-operative Bank
South Shore Savings Bank
Sovereign Bank

  Firefly’s Bodacious Bar-B-Que & beyond received a $250,000 start-up loan from the Quincy 2000 Collaborative Loan Pool.   Located at 516 Adams Street, Quincy is the third location in Massachusetts for this family owned restaurant.  They serve award winning authentic American bar-b-que with Southern-style hospitality.  Take-out and catering is also available and live music is featured on weekends at Dante’s within the restaurant facility.

  

Quincy 2000 Collaborative and The Bank of Canton recently partnered to provide a $150,000 expansion loan to Fridgedoor, Inc., a retailer /wholesaler of novelty magnets, magnetic supplies and custom magnets.  The business loan will enable the company to purchase printing, laminating, cutting and doming equipment to produce products locally.  It also enables the company to move from a home-office environment to a 6000- s/f warehouse/distribution space located at 65 School Street, which includes a retail outlet store.






Loan Pool members discussing a new application at the offices of Quincy 2000.