Paycheck Protection Program (PPP) Loans/Forgiveness
The Small Business Administration has issued its initial set of Interim Final Rules providing guidance for Round Three of the Paycheck Protection Program (PPP) allowing eligible small businesses to obtain an additional PPP loan. Learn more on our Coronavirus page.
The Small Business Administration is offering disaster assistance low interest rate loans to small business customers in Connecticut. To find out more visit the SBA site https://www.sba.gov/funding-programs/disaster-assistance or check out the U.S. Chamber of Commerce Small Business Guide and Checklist (PDF).(opens in a new window)
We’re a Preferred Small Business Administration (SBA) lender. This designation is given to only the most active and expert lenders under SBA’s Preferred Lender Program. We can approve loans and provide faster decisions. Meet our Small Business Lenders.
Enhanced loans for up to $350,000 that we can approve right here at Newtown Savings Bank.
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.
Fixed-rate financing for expansion or modernization of facilities and equipment financing.
Enables qualified businesses to obtain financing, even when they are not eligible through traditional lending programs.
Our Preferred Employee Program is an exclusive package of discounts designed to benefit the employees of our valued business and municipal clients. An employer’s PEP participation allows us to offer some terrific perks that will truly pep up your employees’ banking!