Business Loans

At Liberty Bank, we take the time to get to know you and your business, and to provide the attention and expertise you need to succeed.  Our Branch Managers are Small Business Relationship Managers, and will help you with financing for business loans of $10,000 to $100,000.  If you require financing over $100,000, we have other lending experts just for you.

Small Business Solutions Loan Products

Liberty offers several loan programs especially designed for small businesses.  These programs can make it easier for you to get the funding you need, without all the time, costs, and red tape traditionally associated with business loans.  Customers interested in business loans up to $100,000 may contact a Small Business Relationship Manager at their local branch or call (888) 570-0773 for more information.

Business Solutions Term Loan

Perfect for financing a fixed-asset purchase, such as equipment and vehicles. It's also a great way to finance permanent working capital or debt consolidation.

What does a term loan give you?

  • Loan amounts from $10,000 to $100,000 (unsecured up to $25,000).
  • Various terms to meet your needs (typically up to 5 years, depending on the useful life of the asset).
  • For your convenience, monthly principal and interest payments can be automatically deducted from your Liberty Bank account and you will receive an interest rate discount.
  • Easy application process with quick turn around time.
  • Competitive interest rates.
  • No fees and no financial statements required for requests of $25,000 or less.

Business Solutions Line of Credit

Ideal if your business needs credit on a seasonal or cyclical basis, has fluctuations in cash flow, and /or purchases larger amounts of inventory to take advantage of discounts.

What does a line of credit give you?

  • Line amounts from $10,000 to $100,000 payable on demand.
  • Minimum monthly payments of interest only can be automatically deducted from your Liberty Bank business checking account for your convenience and you will receive an interest rate discount.
  • No prepayment penalty.
  • Typically secured by a blanket lien on all business assets (lines for $25,000 or less may be done on an unsecured basis).
  • No financial statements required for requests of $25,000 or less.
  • Easy application process with quick turn around time.
  • Competitive interest rates.

For more information, please ask to see one of our Small Business Relationship Managers at any one of our 34 branch locations.  Liberty Bank also offers larger lines and term loans as well as commercial mortgages.  Please call (860) 344-7224 to discuss these products with a Commercial Lender.

Small Business Administration (SBA) Loans

SBA loans provide competitive interest rates for long term financing, are fully amortized and never have balloon payments, prepayment penalties or annual reviews.  Our commercial lending experts know all the ins and outs of applying for an SBA loan and can help guide you through the process.

Liberty Economic Development Loan (LEDL) Program

Offered in Middlesex County, Wallingford, New London County, Colchester and Windham, LEDL provides special, low-cost financing to businesses engaged in retail, service or manufacturing activities.  The goal is to provide businesses with the financing they need to grow in order to fuel the creation and retention of jobs within the community.  Liberty's local lending expert will guide you through the process.

What does the LEDL program give you?

  • A low interest rate of prime plus 1/2%.
  • No closing costs and no attorney fees.
  • You may be able to borrow from $5,000 to $100,000.

Funds may be used for legitimate business purposes, including the purchase or renovation of a building, the purchase of equipment and fixtures, expansion of inventory lines, to provide working capital for new or expanded operations, or to enhance the redevelopment of your downtown area.