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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.

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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

Learn more..

Our rates are the lowest SBA allowable rates … Current Loan Rates:


Below are the effective rates for HIDC assisted loans.

April 2024  6.695   25 years

 Mar 2024 6.285     25 years

Feb 2024  6.385    25 year

Jan 2024  6.366    25 year

Dec 2023  6.594%  25 year

Nov 2023   7.457  25 year