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Eastern Bank Provides $8MM of Working Capital Financing to Work ‘N Gear

March 14, 2022, 07:45 AM
Filed Under: Retail

Eastern Bank added Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and healthcare apparel. According to Work ‘N Gear, it is the largest U.S. retailer specializing in work and healthcare apparel, with 39 retail locations throughout the Northeast and Midwest.

“Work ‘N Gear is pleased to begin a new banking relationship with Eastern Bank,” said Anthony DiPaolo, President and CEO of Work ‘N Gear. “We have a shared commitment to our community – prioritizing our relationships with local and regional customers and stores, and giving back to those in need. We look forward to their support with our day-to-day business, working capital and financing needs.”

“For over 20 years, Work ‘N Gear has been recognized as a retail leader in work and healthcare apparel, with the comfort and safety of their customers at the center of their designs, as well as for their commitment to giving back to the local community,” said Greg Buscone, Executive Vice President, Senior Commercial Banking Officer of Eastern Bank. “We are proud to welcome them to Eastern.”

Eastern provides a range of commercial financing offerings to help companies across many industries to improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset based lending and employee stock ownership plan-related financing.  

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