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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
Our rates are the lowest SBA allowable rates … Current Loan Rates:
Below are the 25 and 20 year effective rates for HIDC assisted loans.
Mar 2023 6.334 25 year
6.338 20 year
Feb 2023 6.015 25 year
5.988 20 year
Jan 2023 6.313 25 year
6.286 20 year
Dec 2022 6.114 25 year
6.037 20 year
Nov 2022 6.534 25 year
6.226 20 year
Oct 2022 6.219 25 year
6.134 20 year
.