• There are times when every business needs extra funds – for new equipment, expansion, or any number of reasons. When you need a loan, we’re ready to roll up our sleeves to provide the credit resources your business requires, quickly and efficiently. We offer highly competitive rates, flexible terms and the advantage of local decision-making.  

• Lines of Credit
  Working Capital Loans

   

  • Provide short-term liquidity, for seasonal cash flow demands or other short-term credit needs.

Term Loans

• Available to expand your business, renovate facilities, purchase equipment, or any other long-term financing need.

Real Estate Loans

• If you want to buy property to expand or improve your business, Litchfield Bancorp can lend up to 80% of your property’s appraised value.

Construction Loans

• If you’re ready to build a new facility for your business, start with us. Our Construction Loan has one fixed rate that automatically rolls into a long-term fixed-rate mortgage. And, there’s just one closing, on the date and time of your choice. Finance your land with us too, and we’ll waive your application fee.

SBA and CDA Loans

• We offer loans guaranteed through the Small Business Administration and the Connecticut Development Authority, including the SBA “low-Doc” program (which requires minimal documentation) and the CDA Preferred Lender program.