At the BDC Capital Financing Solutions luncheon, Jewett City Savings Bank was presented with an award for initiating the highest dollar amount of Small Business Administration (SBA) 504 loans in Connecticut for 2025.
Created by the SBA, 504 loans provide long-term, fixed-rate financial solutions to promote business growth and job creation. Acting as a funding partner to the SBA, BDC Capital Financing Solutions is a private economic development company that provides financing and investment capital for growing companies in New England.
“As a community bank, this award is a reflection of Jewett City Savings Bank’s commitment to helping local businesses grow and thrive,” said Michael Alberts, President and CEO of Jewett City Savings Bank. “We’re proud to be recognized for our lending efforts and to have an experienced and dedicated lending team passionate about helping our customers and neighbors.”
