Thomaston Savings Bank
Thomaston, CT 6787
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Breweries
- Plumbing, Heating, and Air-Conditioning Contractors
- Landscaping Services
- Machine Shops
- Beer, Wine, and Liquor Stores
Quick Summary
Thomaston Savings Bank is an SBA-approved lender headquartered in Thomaston, Connecticut. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 45 SBA 7(a) loans totaling $13.1M, with an average loan size of $291K. They primarily serve Connecticut businesses.
About Thomaston Savings Bank
Thomaston Savings Bank is an SBA-approved lender headquartered in Thomaston, Connecticut. Since 2020, they have approved 45 SBA 7(a) loans totaling $13.1M, with an average loan size of $291K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Connecticut.
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Frequently Asked Questions
Is Thomaston Savings Bank an SBA Preferred Lender?
Yes, Thomaston Savings Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Thomaston Savings Bank approved?
According to SBA FOIA public records, Thomaston Savings Bank has approved 45 SBA 7(a) loans totaling $13.1M since 2020. Their average loan size is $291K.
What states does Thomaston Savings Bank serve?
Thomaston Savings Bank primarily serves businesses in Connecticut.
How do I apply for an SBA loan with Thomaston Savings Bank?
To apply for an SBA 7(a) loan with Thomaston Savings Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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