Waterbury super-regional lender Webster Bank is offering loans and other assistance to consumers and businesses impacted by recent flooding in Connecticut, Massachusetts and Rhode Island.
Discounted home improvement loans, deferred or alternative loan payments for existing customers, and expedited bridge loans of up to $200,000 for businesses that qualify for federal disaster aid are part of the assistance package Webster says it has put together.
Webster also is offering to eligible businesses conventional and Small Business Administration loans at a fixed rate of 5.5 percent for up to five years. The bank says it will charge fees only for its out-of-pocket expenses.
Webster says it has about 60,000 small business customers and approximately 370,000 retail-household customers.
“Webster stands ready to help our communities to get back on their feet with special terms on financial products supported by caring and empathy from Webster bankers whose families also have been affected by the flooding,” Chairman and CEO James C. Smith said in a statement.
Webster Bank has $18 billion in assets.
