Newtown Savings Bank

This is a trusted SBA lender offering a variety of loan programs designed to support small business growth and development. You can find assistance with SBA 7(a) loans, microloans, and other financing options tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in inquiries are also welcome during business hours.

Newtown Savings Bank's Plaza South location is open Monday through Saturday, with weekday hours varying from 9:00am–4:00pm to 9:00am–5:30pm depending on the day, and Saturday 9:00am–12:00pm. Please confirm specific hours with the lender.

There are no fees for initial consultations; however, specific loan applications may include processing or guarantee fees depending on the loan type.

This lender primarily serves small businesses across the nation, regardless of residency, as long as they meet the loan eligibility criteria.

A minimum personal credit score of 640 is generally required, but higher scores can improve the likelihood of approval.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Yes, Newtown Savings Bank's Plaza South location is open on Saturday from 9:00am to 12:00pm for both lobby and drive-up services. Please confirm with the lender.

Newtown Savings Bank is located in Connecticut — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Newtown Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Newtown Savings Bank itself, which runs its own lending under its own ownership. If you work at Newtown Savings Bank, you can claim this listing from this page to manage it.

The core details for Newtown Savings Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Newtown Savings Bank before applying. If you represent Newtown Savings Bank, claim this listing to keep its information up to date.

You can reach Newtown Savings Bank by phone at (203) 270-7402 or online at nsbonline.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Newtown Savings Bank before relying on them.

Based on its approved SBA loans, Newtown Savings Bank most often finances businesses in manufacturing, general retail, wholesale & distribution, construction & contractors, veterinary services, and dental practices. This reflects Newtown Savings Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Newtown Savings Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Newtown Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Newtown Savings Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Newtown Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Newtown Savings Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Newtown Savings Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Newtown Savings Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Newtown Savings Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Newtown Savings Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Newtown Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Newtown Savings Bank how it evaluates prior bankruptcies.