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 20 and 25 year effective rates for HIDC assisted loans previously funded.
Sept 2019 3.359 20 year
3.458 25 year
Aug 2019 3.531 20 year
3.63 25 year
July 2019 3.914 20 year
4.011 25 year
June 2019 3.983 20 year
4.090 25 year
May 2019 4.265 20 year
4.391 25 year
Apr 2019 4.367 20 year
4.532 25 year
Mar 2019 4.586 20 year
4.741 25 year
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Housatonic Industrial Development Corp. • 57 North Street, Suite 407 • Danbury CT 06810
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