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Product:
- loans $50,000 to $250,000
- lines of credit
- term loans
- free business consulting
Eligibility / Application Criteria:
- for profit and not for profit businesses
- meets CEDF eligibility requirements
- completed business plan
- CEDF application form
- benefit to the community
Terms:
- Tied to cash flow of business
- No prepayment penalty
Uses:
- Working Capital
- Equipment or machinery
- Inventory
- Owner occupied real estate
- Other legal purposes
Pricing:
- Fixed or variable interest rates
- 1% application fee
Collateral:
- borrower(s) must sign personally
- pledge any assets
Contact: Jim Wood
(860) 249-3800 ext. 309 or
(800) 656-4613
Download Application
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In this section
CEDF will be
moving its offices to 965 East Main Street in Meriden in May of 2008. The new
location, on the site of the former Lane Construction building,
will make us more centrally accessible to community partners and clients
throughout the state.