The Massachusetts District Office of the U.S. Small Business Administration has announced the 2021 Lender Awards to highlight SBA lending activity for fiscal year 2021. At the ceremony, North Shore Bank was recognized as the number one lender to Veteran Entrepreneurs. Twenty percent of the bank’s small business loans in 2021 were granted to veteran owned businesses.

Scott Myers, Vice President of Commercial Lending at North Shore Bank said:

It is a great honor to be part of an organization that values Veterans. Helping Veterans, who have served our country, is one of the most rewarding aspects of my career.” He continued, “Fortunately, lending to Veteran owned business also makes business sense. The training and experiences that our Veterans go through provides them with the ability to be great leaders who effectively plan, motivate, and execute. In my experience, Veterans have been some of the best customers I ever have the pleasure of working with.

One such business is TESCO, Inc., a temporary staffing company supporting healthcare environmental services departments across the country. Working primarily with management companies within the healthcare industry, TESCO offers a one-of-a-kind staffing model to 35 hospitals in 11 states. Barton L. Munro, Jr., President and Chief Executive Officer of TESCO is a veteran military pilot and Captain in the United States Army who served our country for 14 years.

Munro said of his relationship with North Shore Bank:

North Shore Bank has been instrumental in supporting our business growth and expansion plans. The entire organization has embraced our healthcare support mission with responsive financing programs, cash management technology and local branch operations.  We could not be happier with our relationship and are grateful for our partnership with North Shore Bank.” He added, “It’s great to know that the bank I choose to work with supports veteran owned businesses.

Positions staffed by TESCO are categorized as Work Force Labor and include jobs in housekeeping, transportation, and dietary nutrition. TESCO’s team of portfolio managers coordinate the operations and scheduling for groups of hospitals, taking on tasks such as recruitment, background checks, human resource procedures, onboarding, processing, immunizations and training.

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For over 130 years, North Shore Bank has been helping small businesses throughout Massachusetts. As an Approved Small Business Administration (SBA) Lender, North Shore Bank can help you to obtain the financing that will allow your business to grow.