Manufacturing
Driving Growth for Connecticut's
Makers & Manufacturers
Manufacturers and industrial businesses fuel our local economy with innovation and production. At Thomaston Savings Bank, we recognize that keeping your operations humming requires smart financial solutions tailored to your industry. We understand the cycles and challenges that manufacturers face – from managing supply chain costs and capital investments in equipment to maintaining steady cash flow through seasonal demand. With our combination of local decision-making and deep expertise, you gain a banking team that knows your business and works as hard as you do to keep it moving forward.
Real Clients - Powered by
Thomaston Savings Bank
"Tater Baseball is a brand for the modern ballplayer who cares about quality. Whether you're looking for a bat, a glove, or a pair of batting gloves for the best quality, you know where to find it. Typically, when a player wants to swing, Tater has a variety of options. We have over 900 different makes and models."
- Freddy vargas, CEO, Tater Baseball
Optimize Cash Flow & Operations
In manufacturing, efficient cash flow is the lifeblood of your business. Our Treasury Management suite provides the tools to keep your production lines moving without financial bottlenecks.
Receivables & Collections
Our Receivables & Collections services help you get paid faster and more efficiently by your customers, whether you’re invoicing distributors or awaiting payment on large orders.
Remote Check Deposit & ACH
Use Remote Check Deposit and ACH (Automated Clearing House) services to quickly convert checks and recurring payments into working capital, so you can purchase raw materials and meet payroll on time. On the payables side, we help simplify and improve your payment processes to save time and improve cash flow – from automating vendor payments through ACH and wire transfers to managing payroll distribution seamlessly.
Liquidity Management
Our Liquidity Management tools, like automated sweep accounts, ensure your surplus cash is always put to work earning interest or paying down credit lines, maximizing every dollar for your business.
Flexible Financing for Growth & Equipment
As your manufacturing operation grows, turn to Thomaston Savings Bank’s Commercial Lending experts for the capital you need to seize opportunities and weather industry cycles. We offer competitive, flexible loans for both immediate needs and long-term projects.
Need to upgrade your production equipment or technology? Consider a term loan or equipment financing solution with fixed rates and predictable payments.
Managing seasonal or contract-based cash fluctuations? Tap into a business line of credit to cover inventory purchases or working capital during peak production periods.
If you’re expanding your facilities or building a new plant, our commercial mortgage options provide financing for real estate acquisition or construction, often with local market expertise that streamlines the process.
For smaller manufacturers or quick capital needs, our Business Express Loan Program can deliver up to $50,000 with an expedited application – so you won’t miss out on time-sensitive opportunities.
Enhanced Security & Convenience
Manufacturing firms can’t afford downtime or financial losses due to fraud.
We offer rigorous fraud protection measures – including Check and ACH Positive Pay to automatically detect and prevent check fraud before it affects your accounts, as well as multi-layered security for online transactions.
With Merchant Services, you can securely accept a wide range of customer payments (credit cards, debit, and more) with fast processing and next-day access to funds – essential for wholesalers and manufacturers who need a steady cash influx.
We also provide Business Online and Mobile Banking tools for 24/7 account access, wire and ACH initiation, and real-time account monitoring from your office, shop floor, or on the road. No need to leave the factory – deposit checks, pay bills, and manage multiple accounts digitally, all while enjoying the personal support of a local banking team that’s just a phone call, email, live chat, or branch visit away.
Your Community
Manufacturing Partner
We take pride in being truly local. We’ve served Connecticut businesses through eras of industry change with consistent, reliable banking support. Our team members are embedded in the community – in fact, some of our commercial bankers are part of organizations like the Smaller Manufacturers Association of Connecticut, staying current with industry trends and advocating for local business needs. We bring that insight directly to you.
No matter if you’re a small machine shop or a growing production firm, you’ll receive the same exceptional service: quick decisions made by people who understand your line of work, honest answers to your financial questions, and a relationship built for the long haul. When regional and national banks are focused on Wall Street, we’re investing in your Main Street success.
Ready to Power Up Your Financial Operations?
Discover how a steadfast local bank can help your manufacturing business reach new heights. Contact our team today to explore how our treasury management services and commercial lending solutions can streamline your cash flow, protect your revenues, and finance your next big endeavor. Your production is our priority – let's build a stronger future for your business together.
