If you are a small business, you may be interested in CEDF Term Loans.
CEDF was created in 1994 to revitalize Connecticut's distressed neighborhoods by providing greater access to capital, technical assistance to small businesses and support for community economic development. Since then CEDF has provided millions of dollars in loans to small businesses, created and retained hundreds of jobs for the state's residents, and funded numerous community planning efforts. Joining forces with the state, leading lenders and representatives from low- and moderate-income communities, CEDF is bringing help for Connecticut's small businesses and neighborhoods.
The mission of the Community Economic Development Fund (CEDF) is to strengthen neighborhood economies by providing flexible financial and technical support to small businesses, community organizations and initiatives in targeted communities and to low- and moderate-income individuals throughout Connecticut.
- Working capital for inventory, rent, utilities, payroll and more
- Current debt
- Purchase of equipment and/or machinery
- Proceeds for leasehold improvements
- Other agreed-upon business needs
Connecticut Businesses Must Meet One Of The Following Requirements To Be Eligible To Apply
- Location Eligible:the business is not bankable* and is located in one of the 53 eligible communities listed below and regardless of household income level, or...
- Income Eligible: the business is not bankable* and is not located in an eligible community, but meets the total annual household income level of $89,701 or less.
- *Definition of not bankable: The business is unable to obtain a loan from a traditional bank.