Business
Resources
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Angel
Capital Electronic Network (ACE-Net)
Http:////acenet.csusb.edu
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The
Angel Capital Electronic Network (ACE-Net)
was created to conduct networking,
educational, training and research
activities to provide assistance to
investors and entrepreneurs. It helps
individual accredited investors, SBICs
and institutional venture capitalists
to find small, growing companies through
a secure Internet database, and it
provides ongoing training and research
to enhance the business skills of
entrepreneurs and small investors.
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Bridgeport
Economic Resource Center (BERC)
Http://www.bridgeport-econ.org
10
Middle St. ,
Bridgeport CT
The Bridgeport Economic Resource Center
(BERC) is a privately funded non-profit
organization that assists private
sector businesses to remain in, expand
within or relocate to the Bridgeport
area. Services include site selection,
accessing government incentives and
private sector financing, connecting
with technical assistance providers
and developing job-training programs.
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Central
Connecticut Economic Development Alliance
(CCEDA)
Http://www.ccrpa.org/economic_dev.htm
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The
Central Connecticut Economic Development
Alliance (CCEDA), a committee of the
Central Connecticut Regional Planning
Agency (CCPRA), promotes economic
development in the seven-town region
by retaining and fostering the growth
of small and medium size manufacturing
firms, assisting non-manufacturing
firms and facilitating the reuse of
major vacant manufacturing facilities.
Contact numbers for each municipality:
Berlin 860-828-7005, Bristol 860-584-7971,Burlington
860- 284-7635, New Britain 860-229-1665,
Plainville 860-793-0221, Plymouth
860-585-4043 and Southington 860-276-6297.
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Central
Connecticut Revolving Loan Fund
Http://www.hedco-ghbdc.com/g-central.htm
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The Central Connecticut Revolving
Loan Fund manages over $1 million
to meet the credit needs of businesses
having a difficult time utilizing
normal financing opportunities. Loan
amounts extend to $50,000 or more.
Eligible activities include acquisition
or renovation of real estate, the
purchase of machinery/equipment and
"gap financing" for short-term working
capital. A Hartford Economic Development
Corp. (HEDCo) and Greater Hartford
Business Development Center (GHBDC)
program.
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Certified
Development Company (504) Loan Program
Http://www.sbaonline.sba.gov/financing/sbaloan/cdc504.html
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Certified
Development Company (504) Loan Program
provides growing businesses with long-term,
fixed-rate financing for major fixed
assets, such as land and buildings.
A Certified Development Company is
a nonprofit corporation set up to
contribute to the economic development
of its community or region. A Small
Business Administration (SBA) program.
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CHEFA
Guaranteed Loans
Http://www.chefa.com
10
Columbus Blvd. ,
Hartford CT
The
Connecticut Health & Educational
Facilities Authority (CHEFA) issues
tax-exempt bonds for facility acquisition
and rehabilitation, equipment acquisition,
and new construction for colleges
and universities, private independent
primary and secondary schools, charter
schools, long-term care facilities,
hospitals, child care providers, cultural
institutions, and other qualified
nonprofits. Guaranteed Loans are for
both non-profit and for profit child
care facilities. Loan size is between
$25,000 and $1million for the purpose
of construction, renovation, equipment
acquisition or working capital.
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CHEFA
Tax-Exempt Financing
Http://www.chefa.com
10
Columbus Blvd. ,
Hartford CT
The
Connecticut Health & Educational
Facilities Authority (CHEFA) issues
tax-exempt bonds for facility acquisition
and rehabilitation, equipment acquisition,
and new construction for colleges
and universities, private independent
primary and secondary schools, charter
schools, long-term care facilities,
hospitals, child care providers, cultural
institutions, and other qualified
nonprofits. CHEFA Tax-Exempt Financing
is available to not-for -profit 501C(3)
childcare providers. Loans are generally
in excess of $500,000 and must be
used for new construction or major
renovation projects.
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Child
Care Facilities Microloan Program
Http://www.ctcic.org
100
Crown St. ,
New Haven CT
Child
Care Facilities Microloan Program
— Made possible through a partnership
of the New Haven Community Investment
Corp., the Connecticut Health &
Educational Facilities Authority and
the U.S. Small Business Administration.
Loan amounts up to $10,000 are available
to for-profit and not-for-profit child-care
providers statewide. Loan proceeds
may be used to purchase equipment
and machinery, furniture, fixtures
and improvements to the child-care
facility to meet licensing standards.
Available to existing and start-up
child-care businesses. A Connecticut
Community Investment Corp. (CTCIC)
program.
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Community Economic Development Fund
(CEDF)
Http://www.cedf.com/loans.html
430
New Park Ave.,
West Hartford CT
The
Community Economic Development Fund
(CEDF) underwrites loans of $5,000
to $250,000 to small businesses and
mixed-use property owners. There is
no longer a location restriction for
certain applicants seeking business
loans, but if a business is operated
in one of the Target Investment Communities,
owners are eligible for assistance
from CEDF regardless of income. A
business operated in any other community
in Connecticut may be eligible for
a business loan based on owner's household
income. The following banks have committed
to CEDF program: JPMorgan Chase, Wachovia,
Bank of America, People’s Bank,
NewAlliance Bank, Webster Bank, Citizens
Bank, Sovereign Bank, First County
Bank, Liberty Bank, U.S. Trust, Banknorth.
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Connecticut Brownfields Redevelopment
Authority
Http://www.ctbrownfields.com/.
999
West St.,
Rocky Hill CT
Connecticut Brownfields Redevelopment
Authority offers redevelopment grants,
assessment grants, financing and the
one-stop center for programs that
encourage and stimulate the development
of Connecticut's brownfield sites.
A Connecticut Development Authority
(CDA) program.
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Connecticut
Community Investment Corp. (CTCIC)
Http://www.ctcic.org
100
Crown St.,
New Haven CT
The
Connecticut Community Investment Corp.
(CTCIC) is a private non-profit corporation
providing economic development financing
to qualified small businesses throughout
Connecticut. CTCIC was established
as a local development corporation
under U.S. Small Business Administration
(SBA) regulations. CTCIC offers loan
products and business consulting services
to Connecticut small businesses, including
the SBA 504 Loan Program, the Defense
Loan, the MicroLoan, the Child Care
MicroLoan and the Technology Investment
Fund.
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Connecticut
Development Authority (CDA)
Http://www.ctcda.com.
999
West St.,
Rocky Hill CT
The
Connecticut Development Authority
(CDA) provides financing including
direct loans, revenue bonding and
loan guarantees to businesses in Connecticut
for working capital, equipment and
real estate. Direct Loan program supplements
capital needs of borrowers with below-market
interest rate loans to induce an enterprise
to expand or relocate to Connecticut.
The Guaranteed and Participating Loans
are available through private sector
commercial lenders and can cover up
to 40 percent of a loan. SBA 504 Loans
provide secured fixed-rate financing
for acquisition of equipment and real
property with long-term financing.
Urbank program issues loans up to
$500,000 to small businesses unable
to obtain conventional financing,
with special emphasis on minority
and women-owned businesses. Manufacturers
can take advantage of Industrial Revenue
bond program. The bonds can be issued
for up to $10 million and can equal
100 percent of project cost. Some
programs applicable to targeted communities
only.
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Connecticut
Development Authority (CDA) - URBANK
Http://www.ctcda.com/urbank/urbank_2002.html
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Connecticut Development Authority
(CDA) provides financing including
direct loans, revenue bonding and
loan guarantees to businesses in Connecticut
for working capital, equipment and
real estate. URBANK is for small Connecticut
businesses unable to obtain conventional
financing. Insured loans up to $500,000
for small businesses with a special
emphasis on minority and women-owned
businesses are available. Borrowers
must demonstrate an ability to repay
loan through historical operations
or reasonable cash flow projections.
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Defense
Loan Fund
Http://www.ctcic.org
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The
Defense Loan Fund provides financing
to businesses in eligible communities
convert from defense-related work
into other lines of business or create
jobs by expanding current operations.
Financing typically is gap funding
in conjunction with a financing partner.
Average loan is $100,000 with minimum
loan of $25,001. Eligible businesses
must be located in Bethany, Branford,
East Haven, Guilford, Hamden, Madison,
New Haven, North Haven, North Branford,
Orange, West Haven or Woodbridge.
A Connecticut Community Investment
Corp. (CTCIC) program.
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Department
of Economic and Community Development
(DECD)
Http://www.ct.gov/ecd.
505
Hudson St.,
Hartford CT
The
Department of Economic and Community
Development (DECD) provides incentive-driven
direct loans for projects when there
is strong economic development potential.
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Downtown
Development Incentive Fund (DDIF)
Http://www.nvdc.org
56
West Main St.,
Waterbury CT
Downtown
Development Incentive Fund (DDIF)
provides finance for commercial projects,
educational/cultural, residential,
and technology based companies appropriate
for Information Technology Zone benefits.
All projects subject to approval by
NVDC.
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Dry
Cleaning Establishment Remediation
Fund
Http://www.state.ct.us/ecd/infrastructure/drycleaning.htm
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Dry Cleaning Establishment Remediation
Fund for the clean-up, containment,
or mitigation of pollution resulting
from releases of chemicals used for
dry cleaning. The grants may also
be used for measures undertaken to
prevent such pollution, and for providing
potable drinking water when necessary.
A Department of Economic and Community
Development (DECD) program.
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Economic
and Manufacturing Assistance Act (MAA)
Http://www.ct.gov/ecd/cwp/view.asp?a=1097&q=253408
505
Hudson St.,
Hartford CT
The
Economic and Manufacturing Assistance
Act (MAA) provides incentive-driven
direct loans for projects with strong
economic development potential. Eligible
uses for the funds are planning studies,
acquisition of real property, construction/renovation,
working capital and business support
services. A Department of Economic
and Community Development (DECD) program.
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Empower
New Haven
Http://www.cityofnewhaven.com
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Empower
New Haven includes grants for economic
development projects, job training
and placement, business development
and commercial real estate projects.
Tax exempt bonds provide low interest
financing for businesses that relocate
or expand in Empowerment Zone areas
and tax credits are available for
employers that train and hire residents
from low income neighborhoods.
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Export
Working Capital (EWCP)
Http://www.sbaonline.sba.gov/financing/loanprog/ewcp.html
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Export Working Capital (EWCP) was
designed to provide short-term working
capital to exporters. The program
encourages lenders to offer export
working capital loans by guaranteeing
repayment of up to $1 million or 90
percent of a loan amount, whichever
is less. A Small Business Administration
(SBA) program.
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Greater
Hartford Business Development Center
(GHBDC)
Http://www.hedco-ghbdc.com
15
Lewis St,
Hartford CT
The
Hartford Economic Development Corp.
(HEDCo) and the Greater Hartford Business
Development Center (GHBDC) work to
stimulate economic development in
the Hartford Metropolitan Area to
help start, finance, retain, and recruit
small businesses within Hartford and
its 57 surrounding cities and towns.
HEDCo provides small businesses with
business support needs that would
be otherwise un-met or under-served.
HEDCo partners with GHBDC to foster
the community relationships crucial
to economic growth and provides small
businesses in the region with alternative
financing.
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Grow
Bridgeport Fund
Http://www.bridgeport-econ.org/grow_bpt.htm
10
Middle St. ,
Bridgeport CT
The
Grow Bridgeport Fund is a $6.5 million
fund that provides fkexible financing
to small businesses and community-based
organizations that do not meet traditional
credit requirements. Loans are available
in the amounts of $25,000-$100,000
for commercial lines of credit and
term loans and $50,000-$1 million
for real estate loans.
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Industrial
Revenue Bonds
Http://www.ctcda.com/financing_your_business/ind_revenue_bond.html.
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Industrial
Revenue Bonds must be used for land
acquisition, construction, or the
purchase of equipment. Loans can be
up to $10 million and can equal 100%
of project cost. Borrowers must be
manufacturers and eligible non-manufacturing
projects include water, waste disposal,
sewage, and local district heating/cooling
and government facilities. A Connecticut
Development Authority (CDA) program.
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Information
Technology Project Loans
Http://www.ctcda.com/IT_expansion/index.html.
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Information
Technology Project Loans includes
direct, senior and subordinated loans,
equity-equivalent investments, mortgage
insurance and loan, lease or performance
guarantees. The financing encourages
the growth of e-commerce, Internet-related
development and information technology.
Up front cash grants are also available
for IT projects located in any of
the thirty-six designated municipalities.
A Connecticut Development Authority
(CDA) program.
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International
Trade Loans
Http://www.sbaonline.sba.gov/oit/finance/itl.html
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International
Trade Loans is designed for businesses
preparing to engage in or already
engaged in international trade, or
adversely affected by competition
from imports. The SBA guarantees up
to $1,250,000 for a combination of
fixed-asset (facilities and equipment)
financing and Export Working Capital
Program (EWCP) assistance. A Small
Business Administration (SBA) program.
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LowDoc
Program
Http://www.sbaonline.sba.gov/financing/lendinvest/lowdoc.html.
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LowDoc
Program reduces the amount of paperwork
and red tape involved in getting small
business loans of $150,000 or less.
The simplified application process
allows a rapid response from SBA.
Approval focuses on character, credit
and experience. Calls for a response
from the SBA within 36 hours of receiving
a complete application. A Small Business
Administration (SBA) program.
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Metro
Hartford Revolving Loan Fund
Http://www.hedco-ghbdc.com/g-metro.htm
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Metro Hartford Revolving Loan Fund
is designed to encourage growth and
stimulate small and mid-sized industries
and businesses resulting in the creation
and retention of jobs in the region.
Applicants must be located in the
29 Capital Region towns, Middlesex
County and Central Connecticut Regional
Planning Area. Loans up to $100,000
must be used for the acquisition and/or
renovation of real estate, the purchase
of machinery and equipment, or to
assist with the overall enhancement
of working capital. A Hartford Economic
Development Corp. (HEDCo) and Greater
Hartford Business Development Center
(GHBDC) program.
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MicroLoan Program
Http://www.ctcic.org
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The
CTCIC's MicroLoan Program, established
by the SBA, provides from $500 to
$35,000 to start-up, recently established
or growing small businesses.
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MicroLoan
Program
Http://www.sbaonline.sba.gov/financing/sbaloan/microloans.html
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MicroLoan Program provides very small
loans to start-up, newly established
or growing small business concerns.
Under this program, funds are available
to nonprofit community based lenders
(intermediaries) which, in turn, make
loans to eligible b | | |
