Areas Served: All Connecticut
The Community Economic Development Fund offers an SBA Microloan for Connecticut small businesses SBA Microloans go up to $50,000. Plus! You can combine an SBA Microloan with other CEDF loans up to $150,000. If you have a for-profit business and your application is approved, because CEDF is not a bank we can offer you: – Payments tied to your cash flow – No pre-payment penalties – Repayment terms of up to 6 years – A Business Development Advisor who will be assigned to offer you help and ideas about how best to operate your business How do you apply? If your business is located in one of the eligible communities or your household income is less than $85,700, there are only a few simple steps to take: – Complete an application form – Provide a business plan and your last 3 years tax returns – Write a brief Community Impact statement this explains to us how your business is going to make a positive impact in your community, such as provide new jobs, rehabilitate a blighted storefront, etc.
What can you use the loan to do? If your application is approved, we will work with you to provide your business with: – Working Capital – Funds to buy equipment and machinery – Funds for Inventory
Contact InformationCommunity Economic Development Fund
Address: 965 E Main St
City: Meriden
State: Connecticut
Website:
http://www.cedf.com/sba-microloan/
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