First Niagara Financial Group has completed an $8 million loan agreement with Northeast Builders Supply & Home Centers (NBS), a lumber and building materials supply and commercial real estate company based in Bridgeport.

The investment will provide NBS with the working capital it needs to support its customers, while also reducing its cost of operations and product purchases, according to a statement.

“First Niagara understands companies of our size and worked to understand the various components of our business,” NBS Co-CEO Jan Cohen said in a statement. “They did a comprehensive review of our operations, took the time to understand our business and recognized the opportunity to establish a total banking relationship, combining a range of services with a financing package that matched the right loan with the right asset.”

NBS employs more than 70 people throughout the state at its three locations in Bridgeport, Cornwall and New Canaan. The company provides products and services to builders, developers, contractors, architects, designers and homeowners throughout Connecticut; Westchester, Putnam and Duchess Counties in New York; and parts of Western Massachusetts.

“Our deal with NBS exemplifies First Niagara’s commitment to providing local businesses with tailored lending solutions that are responsive to their needs and strengths,” First Niagara New England Regional President David Ring said.  “We will continue to look for opportunities to put our capital to work for businesses in communities throughout the region.”