Small Business Loan Programs (SBA)

Small Business Loan Programs (SBA)
Carpin Manufacturing, Waterbury

We're a certified SBA lender helping local businesses reach their financial goals. 

Strong and growing businesses support the Connecticut communities we love to serve. Small Business Administration (SBA) guaranteed loans originated by Savings Bank of Danbury provide the financing your business needs to grow stronger and more profitable for future success.

As a Preferred SBA lender (the highest designation), we offer two types of SBA loan options to fit your needs, including SBA 7(a) loans and SBA 504 loans.

We make lending decisions locally and provide quick, low-cost closings to assist your business. 

To better serve our customers, we now offer an expedited procedure for small business loans under $100,000. Download an application. For more information on our Business and Commercial Loan products, contact Patrick Kelley, Senior Vice President, Commercial Banking at 203.731.5441 or email

SBA 7(A) Loan
  • Use to finance real estate purchases, construction, mergers and acquisitions, debt refinancing, equipment purchases, working capital and more
  • Get more financial flexibility with competitive rates with down payments as low as 10%
  • Borrow up to $2 million with quick, local approvals and convenient, fast closings
  • Structure your loan with amortization schedules up to 25 years for lower monthly payments
SBA 504 Loan
  • A non-profit Certified Development Company (CDC) teams with the Bank and the SBA to provide fixed-rate, long-term financing to local small businesses with down payments as low as 10%
  • Loans cover the cost of land purchases and improvements, including existing buildings, grading, street improvements, utilities, parking lots, landscaping and new facility construction
  • These loans also can be used to modernize, renovate or convert existing facilities as well as to buy machinery and equipment for the long term
  • Financing cannot be used toward working capital or inventory, consolidating or repaying debit
  • Our competitive rates help you save money