Loan Enhancements

Micro Loan Guarantee Program for Women and Minority Business Owners

CEDF offers a special loan guarantee in conjunction with the Department of Economic and Community Development (DECD) to help women and minority owned businesses obtain flexible financing. This program is for start up businesses as well as existing businesses looking to expand. CEDF provides the loan and the Department of Economic and Community Development provides a 30% guarantee. This guarantee is particularly helpful to start up businesses that need a greater degree of flexibility in obtaining a loan. This program has been so successful that CEDF and DECD are currently working on expanding the program.

Eligibility:

  • must be majority women or minority owned

Special benefits to borrower:

  • provides 30% guarantee that serves as collateral
    • business must be located in Hartford, Stamford, or West Haven
    • provides 30% guarantee that serves as collateral
    • Industrial
    • Commercial
    • Agricultural
    • Retail
    • Service Businesses
    • provides 30% guarantee that serves as collateral

 Micro Loan Guarantee Program for Hartford, Stamford, and West Haven Business Owners

     In conjunction with the cities of Hartford, Stamford, and West Haven, CEDF offers flexible financing to businesses within these three communities. This program is for start up businesses as well as existing businesses looking to expand. CEDF provides the loan and the participating city provides a 30% guarantee. This guarantee is particularly helpful to start up businesses that need a greater degree of flexibility in obtaining a loan. 
    Connecticut Inner City Business Loan Guarantee Program
     As part of the Governor’s initiative, CEDF, in conjunction with the Department of Economic and Community Development (DECD), offers guarantees for small business loans in designated industry clusters located in Waterbury, Hartford, New Britain, Bridgeport, and New Haven. As part of this collaboration, CEDF provides the loans using more flexible criteria and the Department of Economic and Community Development provides a 30% guarantee.  This guarantee is for small businesses that would otherwise have difficulty obtaining traditional financing or need more flexible terms.For additional information on eligibility and benefits of Guarantee programs contact:Contact: (203) 235-CEDF (2333)
    Toll Free: (888) 835-CEDF (2333)