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.

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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

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Current Loan Rates

Below are the 20 and 25 year effective rates for HIDC assisted loans funded in the past six months:

Mar 2019  4.586    20 year

                  4.741    25 year 

Feb 2019   4.646    20 year

                  4.771   25 year

 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