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