Early Stage

About the Program

1.	Direct loans or mezzanine financing
2.	Normally made in tandem with loans or investments from other private- or public-sector lenders or investors

Eligibility:

1.	Businesses that have the potential to contribute significantly to the state's
	Technology base Intellectual capital Economic base Employment Urban Infrastructure Tax Revenues
2.	Not available for:
	Residential Non-owner occupied real estate Retail or personal services (eligible under URBANK) Not-for-profits (may be eligible under URBANK

Loan & Investment Terms:

1.	Appropriate to business opportunity
2.	Personal guarantee of owner(s)
3.	Equity interest will be required when appropriate
4.	Maturity tailored to transaction

Benefits:

1.	Access higher risk financing that is otherwise unavailable
2.	Incentive to establish and expand business in Connecticut

Borrower's Process:

1.	Contact
	Karin Lawrence 860.258.7814
2.	Submit application, business plan, historic and/or projected financial statements upon request

CDA Process:

1.	Flash response within 2-3 days following receipt of all appropriate documentation
2.	Staff review in 4-7 days
3.	Submit final documentation by 1st day of month
4.	Transactions presented to CDA's Board of Directors monthly

See our CDA Lending Partners

For Additional Information on all CDA Programs Contact CDA by email.

Helpful Documents:
Personal Financial Statement
Comprehensive Business Plan Outline
Financing Business Plan Outline