Banking on Beverly


“Banking on Beverly” is a convenient, low-cost way for you to finance your building upgrades.  Six local banks have joined forces to offer very attractive, low interest rates on loans up to $100,000.

Beverly Main Streets launched the “Banking on Beverly” Downtown Improvement Program in 2011 in collaboration with 6 local banks: Beverly Cooperative Bank, People’s United Bank, TD Bank, Salem Five, North Shore Bank and Eastern Bank. The Program is designed to provide low-interest loans with a simple application process as an incentive for commercial property owners and business tenants to improve and rehabilitate buildings within the downtown Main Streets district. The banks have committed to a total of $1.5 million, available on a first-come, first served basis. Click here for all the details and an application.      



Tom Carnevale of RC Realty is one of the first recipients of a "Banking on Beverly" loan for his property at the intersection of Cabot, Pond & Winter Streets. Tom's changes have really transformed this landmark building and he has more changes planned – it looks amazing! 

Click here to read the press release from Beverly Cooperative Bank.