At-A-Glance Solution Overview

  • Borrow up to $100,000 to be used for almost any business need 
  • Choose from a term loan or line of credit to purchase vehicles and equipment or to provide ongoing working capital
  • No prepayment penalties 
  • Quick, local decision-making with fewer paperwork requirements 
  • Competitive rates on business loans and lines of credit

Email us at velocity@banksi.com if you have questions about Velocity Small Business Lending. 

How to Apply for Velocity Small Business Lending

  • Download Savings Institute Bank & Trust's application package, which includes a Business Loan Application, Personal Financial Statement and Schedule of Business Assets
  • Provide prior years' signed, complete copies of individual and business federal tax returns along with a year to date profit and loss statement
  • Drop off your completed application at one of our CT and RI bank branches or mail the package to this address:

    Savings Institute Bank & Trust
    Attn: Commercial Lending
    803 Main Street
    Willimantic, CT  06226