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Company Notebook

Paragus IT Sets Up Shop Temporarily in Springfield
SPRINGFIELD — The staff of Paragus IT is currently operating out of an office at Harrison Place in downtown Springfield while waiting for a new, state-of-the-art headquarters to be built in Hadley. “It’s great to be part of the vibrant business culture downtown,” said Paragus CEO Delcie Bean. “Many of our clients
and friends are here, and we’re always looking to connect and network with other area businesses.” Paragus brings a staff of more than 35 technicians and business professionals into the downtown economy, and takes on new hires every six to eight weeks.  For the past two years, the company was were named in Inc.’s annual ranking of the 5,000 fastest-growing businesses. With a 546% growth rate since 2008, Paragus is the second-fastest-growing outsourced IT firm in New England. After eight years at its Russell Street headquarters in Hadley, Paragus will be moving to a new commercial office building, also in Hadley, later this year. The new space is 8,000 square feet, nearly four times the size of the former location. Bean has indicated that, if things go well downtown, he may consider maintaining a permanent satellite office there.

North Brookfield Savings Bank Named a Preferred Lender by SBA
NORTH BROOKFIELD — North Brookfield Savings Bank (NBSB) has been awarded status as a Preferred Lender for the Small Business Administration (SBA), which can mean faster loan approval for customers.
“To be awarded the SBA’s Preferred Lender status is a privilege, and we are proud to recognize North Brookfield Savings Bank for their lending performance and reputation,” said Massachusetts SBA Director Robert Nelson. “We look forward to working more closely with them and their customers now and in the years ahead.” As a member of the SBA’s Preferred Lender Program, NBSB has the authority to issue an SBA-guaranteed loan without prior SBA review and approval. Membership in the program is given only to financial institutions that have a proven capability and commitment to small-business lending, and strict adherence to SBA guidelines. “The SBA Preferred Lending designation gives us the ability to streamline our commercial-loan process, which in turn will allow us to approve and close SBA loans more efficiently,” said Anthony Piermarini, senior vice president and senior commercial loan officer. “We are proud of our membership in the Preferred Lender Program. The NBSB Commercial Lending team has worked diligently to provide loans to businesses in our community, and achieving this status demonstrates our commitment to small-business lending and our business community.” Rick Egan, NBSB vice president and commercial loan officer, will serve as the bank’s SBA loan specialist.

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