Small Business Financing
Loans and lines are available up to $250,000 and decisions are made locally. Small Business Loans can be used for a variety of purposes:
- Commercial Mortgages (Investment and Owner-Occupied properties)
- Short Term Working Capital (Receivables and Inventory financing)
- Equipment Purchases
- Business Acquisition
- Debt Consolidations
- Business Expansion
Quick Credit
Loans and lines are available up to $50,000. Quick Credit Loans can be used for a variety of purposes:
- Short Term Working Capital
- Equipment & Vehicle Purchases
- Inventory
- Business Expansion
SBA Loans
SBA Express
Enhanced loans for up to $500,000 that we can approve right here at Newtown Savings Bank.
504 Loans
Provides up to 90% financing for business owners seeking to purchase owner-occupied real estate with a 50% conventional first mortgage and up to 40% second mortgage funded through an SBA debenture.
Long-Term Financing
Fixed-rate financing for expansion or modernization of facilities and equipment financing.
7(a) Loan Guaranty Program
Enables qualified businesses to obtain financing, even when they are not eligible through traditional lending programs.
Workplace Advantage
The Newtown Savings Bank Workplace Advantage Program is an exclusive package of discounts designed to benefit the employees of our valued business and municipal clients. We can come to your place of business and provide employees with information.
- Bonuses for opening checking and savings accounts
- Higher rates for money market savings
- Mortgage loan discounts and much more!
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