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Housatonic Industrial Development Corp. • 57 North Street, Suite 407 • Danbury CT 06810
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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
HIDC would be pleased to accept speaking arrangements to provide additional information to your business organization.
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 25 and 20 year effective rates for HIDC assisted loans.
June 2022 5.191% 25 year
5.132% 20 year
May 2022 5.119% 25 year
5.061% 20 year
Apr 2022 4.680% 25 year
4.620% 20 year
Mar 2022 3.929% 25 year
3.766% 20 year
.