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Business Loans
No one knows Connecticut businesses like The Milford Bank. We take pride in our responsive customer service and local business expertise that has made us one of Milford’s top lenders. The Milford Bank offers a variety of loans and services customized to the size of your business and the scope of your goal. Let our Business Banking specialists determine the lending solution ideally suited to your business. Contact us today:
Commercial Mortgages
Let us help you purchase, renovate, expand or construct a new or existing business property. We provide Mortgage Loans and Commercial & Industrial Loans to business owners and for investors in properties, including multi-family homes, owner-occupied, mixed use, and commercial investment properties. Plus, we offer:
• No Application Fee
• Local Decision Making
• Long Term Financing
• Competitive Rates and Flexible Terms
• Financing For $50,000 – $5 Million
• Fixed and Variable Rate Options
• SBA 504 Loan Options
• Term Loans and Line of Credit Financing
• Business Online Banking with Bill Pay
• Business Remote Deposit
Condominium Association Loan Program
We can provide financing for condominium capital expenditures from $100,000 to $4,000,000 for roofing, siding, paving, window replacement, and recreational facilities. Our interest rates are very competitive and our terms are flexible. Personal attention is provided by assigning a loan officer to your account to assist you every step of the way. For more information, download our flyer (PDF) or contact a business loan specialist:
Kevin Coughlin
VP, Commercial Lending
(203) 783-5748
eMail
Mark Gruttadauria
VP, Business Development
(203) 783-5725
eMail
Seasonal Lines of Credit
Not all businesses can maintain a steady cash flow. A 12-month Seasonal Line of Credit can help your company meet short-term cash flow needs, obtain seasonal working capital, maximize your financial resources, and improve your liquidity.
Short-Term Loans
If your business requires the financing of additional inventory or a high volume of accounts receivable, a Short-Term Loan may be the ultimate solution. Our Short-Term Loans are traditionally less than a year, and feature highly competitive rates.
Term Loans
We’ve helped many area businesses expand successfully through financed equipment purchases made with a Term Loan. With financing repayable up to 5 years, a Term Loan provides the capital you need for equipment, machinery and vehicles-with the financial benefit of an extended payment period.
Letters of Credit
Your business needs The Milford Bank to stand behind it. The Milford Bank offers stand-by financing for inventory purchases or bonding required for construction projects. Let us tailor a letter to meet the specific demands your next project.
