• Learning Hub

SBA 504 Loans

Your business may be small, but your goals are super-sized. Dime Bank can help you write the next chapter of your success story with an SBA 504 loan from the U.S. Small Business Administration.

Power your future with small business financing

Funding for owner-occupied commercial real estate acquisition and expansion
Loans for equipment, renovations, and expansion initiatives
Refinancing options for equity, for other SBA loans or to consolidate debt

Thank you for being the backbone of our local economy.

Dime Bank is an experienced small business lender. We know how to slice through the red tape and acquire the funds your business needs to grow or compete more effectively. Our commercial lenders can also explain all the benefits of SBA 504 loans, which include:

  • Funding for Connecticut and Rhode Island businesses that may not qualify for conventional loans
  • Lower down payment requirements
  • Extended loan repayment periods
  • Competitive interest rates
  • Flexible use of funds, including refinancing debt

Fuel your growing business with the cash needed to finance your projects. Contact Dime Bank or visit a branch to get started.

Powering your expansion plans.

For larger growth initiatives, our commercial lending team can support you in obtaining SBA financing.

Commercial Lenders

Brian McNamara
Senior VP, Chief Lending Officer
Chris Gauthier
FVP, Commercial Lending Manager
Celeste Brouillard
VP, Senior Commercial Loan Officer
John Estelle
VP, Senior Commercial Loan Officer
William Rosadini
VP, Senior Commercial Loan Officer
Gerald R. Tavernier, Jr.
VP, Senior Commercial Loan Officer
Cindy Palmer
Assistant VP, Commercial Loan Officer
Denise Ogden
Assistant VP, Commercial Loan Officer
Matthew Voelker
Assistant VP, Commercial Loan Officer

Frequently asked questions

Qualifying for a business line of credit in high-demand markets like Greater Hartford, the Connecticut Shoreline, or Southern RI primarily depends on your company's cash flow and credit history. We look for stable revenue and a solid debt service coverage ratio. Because we understand the local economic nuances of our communities, we can often provide more flexible terms with faster response times than larger, out-of-state lenders.

Absolutely. Equipment financing is a core part of our small business lending portfolio. We provide term loans for machinery and specialized equipment, as well as vehicles for your fleet. Our local experts understand the specific industrial and commercial market demand in our region, ensuring a smoother approval process.

Financial clarity starts here
Remote Deposit For Business Keep deposits moving
Online Wire Transfers Make timely payments to your vendors
Learning Hub Discover more insights
Tip

Avoid borrowing more than you need. It can help keep costs manageable over time.

Cash Management Services

Keep your cash working behind the scenes.

Cash management tools help you optimize balances while staying ready for everyday financial needs.

Learn more