Areas Served: Town of Hamden
The Hamden Economic & Community Development offers two loan programs for businesses in Hamden, Connecticut.
MICRO LOAN PROGRAM The Town offers low interest loans of up to $50,000 for the purchase of machinery and equipment, interior and / or exterior renovations and property improvements.
The program is available in all areas of Hamden.
Interest rates for loans up to a maximum of 5 years (60 months) will float based on the Wall Street Journal Prime rate.
DOWN-PAYMENT ASSISTANCE PROGRAM The Town offers loans for the purchase of commercial and mixed-use properties in all areas of Town.
The maximum loan is $50,000 and can be used for down-payment and/or related closing costs.
The loan rate is prime rate plus one percentage point.
Each loan will be amortized for a 15 year period.
Contact InformationHamden Economic & Community Development
Address: 2750 Dixwell Avenue
City: Hamden
State: Connecticut
Website:
http://www.hamden-ct.com/Content/Small_Business_Loan_Program.asp
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