Mass Growth Capital Corp. Welcomes New Senior Loan Officer

Dec 05 2018
John Santos, Headshot

Press Release:

BOSTON – December 5, 2018 – The Commonwealth’s small business financial services provider Massachusetts Growth Capital Corporation (MGCC) announces the hiring of John P. Santos III as Senior Loan Officer.  Santos brings over 32 years of professional experiences and skills to MGCC’s operations.

As the new Senior Loan Officer, John will promote the mission of MGCC originating new business, supporting business owners, and empowering commercial lenders with solutions that enable them to provide access to capital for their clients.

“It is a privilege to have John joining the ranks of dedicated professionals empowering small business throughout the Commonwealth,” said Larry Andrews, President and CEO. “John’s experience and wealth of knowledge in helping businesses access capital is well known and he is a great resource for MGCC.”

Santos joins MGCC from Cobblestone Risk Management, LLC where he spent eight years as a risk and credit consultant to financial institutions.  He comes with over 24 years of financial services experience, having worked for both large corporate and community banks in the Commonwealth.

John holds a Bachelor’s Degree in Marketing from Southern New Hampshire University and also completed graduate business courses at Suffolk University, American Banking Institute of Commercial Lending Graduate School, and Harvard Graduate School of Design.  Active in the community, John has been involved in a variety of local organizations including the New Bedford Economic Development Corporation and New Bedford Chamber of Commerce.  Since 1991, he has been involved with the Brockton Boys & Girls Club serving as President and as a member of the Board of Directors.  He presently serves on the Finance Committee.  John is also on the Board of Trustees and Treasurer for The Reaching Back Foundation.  John resides in Marion, MA with his wife Teresa.

 

About Massachusetts Growth Capital Corporation

MGCC is a quasi-public corporation of the Commonwealth working to create and preserve jobs at small businesses, women and minority owned businesses, and to promote economic development in Gateway Cities and low and moderate income communities.  MGCC is a central state resource that offers working capital, loan guarantees, and targeted technical assistance to solve specific financial and operational problems for local businesses.  MGCC works with traditional financial institutions to make challenging loans bankable, working with community development corporations and other non-profits to provide financing for job-producing projects, and assisting a wide range of small businesses find the growth capital they require.  Since inception, MGCC has served over 8,850 small businesses, positively impacted more than 22,100 jobs with customized working capital financing commitments totaling over $122,000,000.  For more information, visit www.empoweringsmallbusiness.org, follow us on Twitter @MassGCC and LinkedIn, and subscribe to our email list.

 

Further Coverage:

State House News Service