Thomaston Savings Bank was ranked among the top ten Small Business Administration (SBA) Lenders in the state by the Hartford Business Journal (HBJ). The rankings were published in the December 27th, 2021 edition of the HBJ 2022 Book of Lists. This list was determined by the number of Fiscal Year (FY) 2021 loans administered to Connecticut Businesses. The Bank saw an increase of 144% in loans from 2020 to 2021.
“As a Community Bank, we understand the importance small businesses have on our local economy and communities. We have a dedicated small business team, working in unison with our knowledgeable branch staff, delivering excellent customer service and creative lending solutions to our small business customers. Our partnership with the SBA is an integral component to serving our customer base.” – John Scarritt, VP, Senior Commercial Loan Officer/Small Business Manager
The U.S. Small Business Administration (SBA) is an independent agency of the federal government dedicated to providing resources to strengthen small businesses throughout the country. The SBA loan program provides more favorable terms for borrowers. SBA loans are backed by the federal government and provide a more flexible loan structure, more time to repay and lower down payments.
For more information go to: https://www.thomastonsavingsbank.com/business-loan/sba-loans