Lawrence Partnership issues two development loans to downtown businesses
La Cibaena Bakery received a loan for $75,000 and AutoBori LLC, an auto accessory retail outlet, received $20,000 to build on their existing businesses. The money comes from the Lawrence Venture Fund, which has committed $1 million for downtown development, and is the first program established by the Lawrence Partnership.
These loans are the first official payout from the venture fund, which was provided by four banks -- Eastern Bank, Enterprise Bank, TD Bank and Merrimack Valley Credit Union.