Housatonic Industrial Development Corp. (HIDC) mission is to help Connecticut's small businesses grow, create or retain jobs and achieve economic development goals within the state.
For more than 45 years, HIDC has been a leading resource to Connecticut's small businesses through the creation and administration of long-term fixed rate financing.
The SBA 504 Loan Program works with lenders to provide up to 90% long- term, fixed-rate financing for small-to-medium sized businesses that retain and/or create employment opportunities.
Below are the 20 year effective rates for HIDC assisted loans funded in the past six months:
April 2017 4.625%
Mar 2017 4.827%
Feb 2017 4.607%
Jan 2017 4.585%
Dec 2016 4.596%
Nov 2016 4.357%