Cambridge Savings Bank (CSB) announced the closing of an $8,000,000 senior secured credit facility with Mohawk Rubber Sales of NE Inc. (Mohawk Rubber Sales), the largest family-owned and operated distributor of tire parts, equipment and supplies to motor vehicle service centers and repair shops throughout the United States. Mohawk Rubber Sales is headquartered in Hingham, Massachusetts.

The credit facilities provided by CSB’s Asset-Based Lending Team allowed Mohawk Rubber Sales to refinance their existing senior debt and provides ongoing working capital financing in support of continued business growth and initiatives.

“Our goal was to find a partner who would understand our business’ needs,” said Brian McGeoghegan, President of Mohawk Rubber Sales. “Throughout the entire process, John and the CSB ABL Team were both reliable and dependable. They supported us each and every step of the way— further assuring that we found a true partner in Cambridge Savings Bank.”

“We’re very pleased to be working with Brian McGeoghegan and his team at Mohawk Rubber Sales and to assist this 88-year-old company with achieving many more years of success,” said John Bobbin, FVP, Asset-Based Lending at Cambridge Savings Bank. “Mohawk Rubber Sales’ business and community values will align very well culturally and strategically with CSB.”

“The Mohawk Rubber Sales closing is yet another example of how relationship banking, as provided by Cambridge Savings Bank, rises to the top. We are proud to add another family-owned and operated business to our ABL portfolio of relationships,” added Keith Broyles, SVP, Head of Asset-Based Lending, Cambridge Savings Bank. Cambridge Savings Bank’s commercial division offers a full suite of Corporate Banking and Lending, Commercial Real Estate Lending, Treasury Management and Trade Services solutions that can be customized to meet your business needs.

About Cambridge Savings Bank
Cambridge Savings Bank is a full-service banking institution with over $5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Melrose, Newton, and Watertown. www.cambridgesavings.com

About Mohawk Rubber Sales of NE Inc.
Mohawk Rubber Sales of NE Inc. supports the retail, commercial and retread tire industry. Their products also lend an easy segue into other markets, including car dealerships as well as the independent repair garage. State and town departments, government agencies and commercial fleets are also markets they service. It is Mohawk’s philosophy to be goal-oriented and driven to meet the present and future expectations and needs of their customers. They realize that continuous caring through determination and personal performance will enhance their overall customer satisfaction. It is their ultimate goal to provide quality products and service to customers in a timely manner. This means no matter what the request, they will strive to fulfill customer needs and desires.