BROCKTON, Mass. – HarborOne CU said yesterday it is making $200 million available for its newly launched commercial lending division.
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HarborOne, a preferred SBA lender, will offer lines of credit, term loans and commercial mortgages to businesses in southeastern Massachusetts with borrowing needs between $500,000 and $2.5 million.
The commercial lending division will be headquartered at HarborOne’s corporate offices in Brockton.
The launch of the new commercial loan division comes as the $1.8 billion credit union is completing its acquisition of NationsHeritage FCU, opening that credit union’s Attleboro and Mansfield memberships to the new services.
