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TD Bank’s ABL Group Selected by Long’s Jewelers as Preferred Lender

December 13, 2013, 07:26 AM
Filed Under: Retail

TD Bank announced that its Asset Based Lending (ABL) Group was recently selected by Long’s Jewelers Ltd to be its preferred lender as it plans to grow and expand its current footprint.

Long’s, a 135-year-old, family-owned and operated jeweler serving the Greater Boston region, sought a credit facility that would maximize its borrowing ability to facilitate possible expansion opportunities. TD Bank’s team of ABL experts, led by Dean Whalen and Don Cavanagh, worked with Long’s to create a facility providing for capital expenditure and growth needs of the business. The amount and terms of the financing were not disclosed.

Joseph Nemia, Head of Asset Based Lending at TD Bank, commented, "Long’s is an icon in the Boston region, and we’re excited to help a home-grown business as they seek to expand. We look forward to a strong and successful relationship as their financial partner."

“TD Bank was a great fit for our business for lots of reasons,” said Craig Rottenberg, President of Long’s Jewelers. “From the very beginning, our relationship has been extremely positive and we’re glad we made the decision to partner with TD.”

TD Bank, America's Most Convenient Bank, is one of the ten largest banks in the U.S., providing more than eight million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida.

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