About HIDC
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.
SBA 504 Loan Program
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.
- Eligible Businesses
- Use Of Loan Proceeds
- Program Benefits
- Loan Terms And Conditions
Current Loan Rates
Below are the 20 year effective rates for HIDC assisted loans funded in the past six months:
Jan 2019 4.758 20 year
4.881 25 year
Dec 2018 4.926 20 year
4.990 25 year
Nov 2018 5.591 20 year
5.640 25 year
Oct 2018 5.492 20 year
5.532 25 year
Sept 2018 5.250 20 year
5.290 25 year
Aug 2018 5.30% 20 year
5.35% 25 year
July 2018 5.259% 20 year
5.320% 25 year