Community Economic Development Fund

SBA Microloans

CEDF is Connecticut's leading originator for eight years in a row

The program provides financing up to $50,000 to help small businesses start up or expand. The minimum amount is $1,000, however we generally do not encourage loans below $3,000. The maximum repayment term allowed by the SBA is six years.

Jay McLaurin and Henry Smith, partners in FAD Mechanical, LLC, received assistance to refinance existing debt and obtained a new SBA Microloan for working capital for their plumbing contracting business.

How can I use the term loan proceeds?

  • Working capital
  • Inventory or supplies
  • Furniture or fixtures
  • Machinery or equipment
  • Refinance debt (with some limitations)


How do I know I'm eligible to apply for a loan?

Approved to offer SBA loan
products under SBA’s
Microloan program

 Loan Eligibility Requirements ›

I am eligible. What do I do next?

  • Submit a Loan Inquiry Form.
  • Following your inquiry you'll be shown a page with our Loan Application and related required submissions. We provide a checklist of what you'll need.
  • When you are ready, make the submissions electronically from our website. 
  • Don't forget all of the needed supporting documents. Incomplete submissions will slow down processing of your request. 
  Purpose Amount Rate Term Structure
Commercial Real Estate Loan Purchase of owner occupied commercial real estate property Up to $500,000 Fixed Up to 20 years Monthly payment of principal and interest. Cannot revolve, no balloon or call provisions. No prepayment penalty.
Line of Credit Seasonal or cyclical operating cash flow needs $5,000 up to $250,000 Variable Short-term financing; one year renewable Monthly payment of interest only, only on the amount outstanding. The line revolves as you use it and repay it.  No prepayment penalty.

Not sure which loan or educational service meets your need?

Please give us a call toll-free at 888-835-2333 or contact us online