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SBA Loans

As part of our commitment to our community, we partner with the U.S. Small Business Administration to help start, build, and grow local businesses.

SBA loans administered by Thomaston Savings Bank provide the financing your business needs to grow stronger and more profitable for future success.

  • SBA 7(a) loans for up to $5 million can be used by eligible for-profit businesses for commercial real estate, construction or renovation, purchase of machinery or equipment, purchase of furniture or fixtures, working capital, inventory, line of credit, refinancing existing debt, and purchasing eligible businesses
  • SBA 504 loans must be used for fixed asset projects such as purchasing land and improvements, including existing buildings, grading, street improvements, utilities, parking lots and landscaping, and construction of new facilities
  • Terms vary for each loan
  • Our experienced business lenders will explain your options and find a small-business loan rate that works for you
  • We work closely with the SBA, the Connecticut Department of Economic and Community Development, the U.S. Department of Labor, and Connecticut Innovations to provide lending assistance

Open an account at your nearest branch.