Dedham Savings Adds Financing to Array of Cannabis Banking Services
Dedham Savings is now offering financing to licensed Cannabis-Related Businesses (CRBs) in Massachusetts, according to an announcement by Doug Shaw, Executive Vice President and Senior Lending Officer.
According to Shaw, “We’re a traditional community bank that also offers Cannabis financing. Our Cannabis financing and dispensary loans empower entrepreneurs to navigate the challenges of the cannabis industry through reliable, flexible, and competitive solutions. Our lending experts are here to support established cannabis businesses throughout the Cannabis supply chain.”
As a financially strong and independent community bank, Dedham Savings is uniquely positioned to meet the needs of Massachusetts-based businesses in this dynamic sector. Dedham Savings has committed significant resources, both human and technological, to support a growing portfolio of CRB clients.
In addition to the new Cannabis financing program, Dedham Savings also offers deposit account and cash management services to the following types of CRBs: cannabis dispensaries, wholesalers, testing labs, and delivery services.
Dedham Savings’ specially trained Business Development and Commercial Lending teams have knowledge of the cannabis industry and their unique banking requirements and are educated about federal and state laws that affect CRB financial transactions
If you are a CRB owner or operator interested in learning how Dedham Savings can serve your business, you can learn more at www.dedhamsavings.com.
ABOUT DEDHAM SAVINGS
Incorporated in 1831, Dedham Savings has assets of over $2.2 billion. Its mission is to promote financial strength and success in the individuals, families, and businesses of the communities it serves. Dedham Savings offers a broad range of financial and electronic banking services to individuals, businesses, and organizations through full-service locations in Dedham, East Dedham, Needham, Norwood, Sharon, South Boston, Walpole, and Westwood.