Helping Small Business Fuel the Economy
Whether you work for a small business or rely on one for the things you need, we all understand the critical role that startups and expanding businesses play in our communities and our lives. That’s why we continue to do everything we can to partner with entrepreneurs and small business owners. These stories highlight local lending and investing, personal ingenuity, and a passion to create and retain jobs and offer new products and services. We hope they remind you of what we can achieve together.
Sep 04, 2012
In 2003, Darius, Susan and Dara Mir, the owners of 9to5 Seating, were at a critical decision point. Although the economy was soft, 9to5, a manufacturer of office furnishings, had seen strong demand for its office seating, helped by orders from office superstores and warehouse clubs like Costco and Staples. However, products manufactured in China were starting to cut into their profits as the mass-market superstores switched to ordering lower-cost goods, and they needed a strategy that would help them respond… learn More about Family-owned 9to5 Seating Adopts a Growth Strategy, Creating Jobs with its Contract Chair Business
Jul 16, 2012
The economic crisis that hit Detroit in 2008 had a surround sound impact. The auto industry collapsed, crime increased, and residents fled. For those who stuck around the ‘Motor City’ the availability and accessibility of corner markets and grocery stores - among other critical staples for living - diminished. Yet today, the city’s Eastern Market, best known for its regional food vendors, is poised to transform the community and fulfill a critical need by providing fresh, locally-based foods in a city where many grocery stores remain closed. … learn More about From Farm to Table, Revitalization and Conviviality in Detroit
Jul 05, 2012
In a busy region like Eastern Massachusetts, many residents look to EasCare, a locally-owned and operated ambulance company, for high quality medical care transportation with a personal touch. Headquartered in Dorchester, EasCare employs more than 550 full-and part-time employees working on 150 vehicles at eight dispatch locations. EasCare opened for business in 1998 in an abandoned building with just three ambulances. Today, the company is the third largest ambulance service provider in Massachusetts… learn More about Skilled Care With a Local, Personal Touch in Boston
Jul 16, 2012
For 128 years, Ganahl Lumber has been supplying lumber, plywood, hardware and other building materials to construction projects throughout California. And much of their expansion—they currently have nine retail stores and a distribution center— has been financed with the help and advice from their team at Bank of America… learn More about Helping the Oldest Lumberyard in California Expand to Nine Locations
Jul 16, 2012
There are many travel options from Seattle, Washington to Victoria, Canada. Vacationers and commuters can travel in several ways such as air, chartered boat, and floatplane… learn More about Creating Reliable, Travel Solutions in the Pacific Northwest
*$17.7 billion in new credit to small businesses in 2011 (includes both new originations and renewals).