HomeAbout UsFinancingApplicationsPress RoomContact UsSite+Map
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
IT Loan Program Self Assessment Survey

Information Technology Loan Program


IT LOANS - to help investments in IT and IT security system upgrades and expansions

Use of Proceeds
  • Software: ERP, CRM and PDM systems  
  • Hardware: RFID, PC  
  • Plant expansion to house IT areas
  • Lease hold improvements dedicated to IT
  • Education and training in new systems
  • IT/ISO Certification
  • High speed Internet access
  • Systems and devices to safeguard wireless networks, remote users of networks
  • Redundancy and backup systems (on-site and off-site disaster recovery)

CDA Program - IT Loans
Amount - Up to $750,000
Term Maturity - Up to 7 years

Eligibility
1. Financial Services
2. Health Services
3.

High Technology

4. Manufacturing

Loan Terms
1. Personal guarantee of owner(s)
2. Debt-service capability is evident
4. Interest rate appropriate to requested assistance
5. Maturity tailored to transaction -- up to 7 years

Benefits to Borrower
1. Ability to acquire IT/Upgrades without accessing working capital or utilizing internal funds

Borrower's Process
1. Contact:
Stephen J. Benedetto
860.258.7838		 P. Joseph Harpie
860.258.7832
Brien T. Day
860.258.7832		 Robert A. Phelon
860.258.7836

See our CDA Lending Partners.

For Additional Information on all CDA Programs   
Contact:
P. Joseph Harpie
Tel: 860.258.7832

Applications:
Direct Loan Application

Other Helpful Documents: 
Personal Financial Statement
Comprewihensive Business Plan Outline
Financing Business Plan Outline
Self Assessment Survey
© 2006-2010 CT Development Authority
Get Your Connecticut Development Authority Brochure Today! Click Here
  Print This Page
© 2006-2010 Connecticut Development Authority. All Rights Reserved.