Business
Eastern Bank Welcomes Done Right Building Services, Inc. (DRB Facility Services) As A Commercial Customer
Provides $3 Million Of Financing To Support Daily Operations And Future Business Planning BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to announce Done
About this update from Eastern Bankshares, Inc.
[{"type":"text","content":"\nProvides $3 Million Of Financing To Support Daily Operations And Future Business Planning\n\n BOSTON--(BUSINESS WIRE)--\nEastern Bank is pleased to announce Done Right Building Services, Inc. (DRB Facility Services) as a new commercial customer. Founded in 1993 by President and CEO Anthony Samuels, DRB Facility Services provides comprehensive facilities services including commercial cleaning, landscape management, sustainable and green cleaning, and metal restoration and maintenance. Its clients include public transportation systems, higher education facilities, government buildings, retail environments, companies and office buildings across the United States. Eastern Bank is providing $3 million in financing, which includes a revolving line of credit for working capital, an equipment line of credit, and financing for acquisitions as DRB Facility Services seeks to expand its role in the industry.\n\nDRB Facility Services and Eastern have already been working together in a variety of related capacities. DRB Facility Services provides cleaning services to Eastern Bank and Eastern Insurance Group LLC, a working relationship that began in 2013. In addition, DRB Facility Services participated in the first cohort of the Foundation for Business Equity’s (FBE) Business Equity Initiative (BEI), which Eastern launched to support the growth of businesses of color. Following these initiatives, DRB Facility Services shifted its strategic growth expansion plans, which since 2019 have resulted in revenue growth, a new marketing and rebranding approach, and increasing its workforce to 725 employees. The company’s continued growth, a recent acquisition and financing from Eastern Bank will enable DRB Facility Services to bring the service it has shown clients for the past 30 years to a larger scale.\n\n“DRB Facility Services is excited to expand our longtime relationship with Eastern, this time as a banking customer to meet our financing needs,” said Anthony Samuels, President and CEO of DRB Facility Services. “Eastern takes the time to understand our business and what’s important to us, and they also understand the challenges small business owners and people of color face to develop sustainable, growing businesses. We look forward to their support as we implement our business plans.”\n\n“We have greatly enjoyed seeing DRB Facility Services evo...