Commercial

Credit Solutions

Creative, Customized Financing from a Lending Team that Truly Listens.

Our expertise is in meeting the short- and long-term needs of commercial clients with customized financial solutions. We offer a personalized and responsive full-service banking relationship that covers your personal needs as well.

• Local decision making by people you know
• Variety of loans with floating or fixed rates

Credit Solutions

Expect flexibility and creativity to ensure your financial goals are achieved.

Lines of Credit

• Ideal for financing working capital, inventory and receivable needs, capital equipment needs
• Revolving or non-revolving
• Secured by business assets or unsecured
• Personal guarantees

Term Loans

• Ideal for financing expansion, business acquisition, permanent working capital, equipment purchases, facility renovation
• Typical term from 1 to 7 years
• Variable or fixed interest rate
• Secured by business assets
• Personal guarantees

Commercial Mortgages

• Ideal for financing building purchase, expansion, renovation, refinance, both owner-occupied or investment property
• Typical terms from 1 to 20 years
• Variable or fixed interest rate
• Fully amortizing payments
• Personal guarantees

Development Mortgage

• Ideal for financing residential developments
• Customized to each borrower's needs
• Revolving construction loans
• Non-revolving land and infrastructure loans
• Personal guarantees

Government Guaranteed Loans

• U.S. SBA (Small Business Administration)
• CDA (Connecticut Development Authority)
• U.S.D.A. Rural Development (Department of Agriculture)

Contact our team today:

Robert Teittinen
SVP, Senior Lending Officer
rteittinen@unionsavings.com
860-567-6497

Farmington Valley

Tom Mango
VP, Commercial Lending Officer
tmango@unionsavings.com
860-352-9112

Kim Ciccarello
AVP, Commercial Lending Officer
kciccarello@unionsavings.com
860-352-9111

Greater Litchfield Area

Mark Ronaldes
VP, Commercial Lending Officer
mronaldes@unionsavings.com
860-567-6425

New Milford Area

Walter Whitney
VP, Commercial Lending Officer
wwhitney@unionsavings.com
860-210-2301

Torrington Area

Rene Fisher
VP, Commercial Loan Officer
rfisher@unionsavings.com
860-626-7711

Equipment Leasing

Glenn R. Mason
President, First Litchfield Leasing Corporation
860-626-7714
gmason@unionsavings.com

Small Business

David Oliver
VP, Commercial Lending & Small Business Services
doliver@unionsavings.com
860-626-7708

Gina Scherbner
VP, Small Business Development Officer
gscherbner@unionsavings.com
860-626-7717