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Financing
Qualified Energy Conservation Bonds
ARRA Recovery Zone Bond Program
General Business
Small and Early Stage Businesses
Technology-Intensive Businesses and Projects
Brownfields Redevelopment
Economic Inducement Financing
Special Financing for New Fixed Assets
Information Technology Loan Program

Financing


The Connecticut Development Authority offers business loans and incentives that enable and encourage companies to expand and succeed.

Recovery Zone Bond Program        

  • Development Bonds and Facility Bonds
Financing for General Businesses

  • Direct, Participating and Guaranteed Loans

Financing for Small and Early-Stage Businesses

  • URBANK
  • Direct Senior or Mezzanine Loans

Financing for Technology-Intensive Business and Projects

Brownfields Redevelopment Financing

  • Tax Incremental Based Cash Incentives
  • Direct, Participating and Guaranteed Loans

Economic Inducement Financing

  • Tax Incremental Financing (TIF) 
  • Direct Inducement Loans

Special Financing for New Fixed Assets

  • SBA 504 Debentures
  • Industrial Revenue Bonds

CDA Loan Underwriting Requirements:

  • Application including financial statements, projections and supporting documentation
  • Demonstrated ability to repay CDA’s investment through historical operations and/or reasonable cash flow projections
  • Personal guarantee of principals owning 10% or more of the business (except publicly traded companies)
  • Assistance based upon job retention or creation (except for Industrial Revenue Bonds and URBANK)
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