CDA

DIRECT LOAN INDUCEMENTS

  • Use of Proceeds:
    Any business purpose including:
    • Term working capital
    • Machinery and equipment
    • Purchase, construction, expansion or upgrading facilities
    • Mortgages on owner-occupied real property
  • CDA Programs: Direct loan
  • Amount: Up to $5 million
  • Term Maturity: Tailored to each transaction–up to 20 years
  • Eligibility:
    1. Companies relocating to or significantly expanding in Connecticut that will contribute to the state's:
      Technology Base Urban Infrastructure
      Intellectual Capital Tax Revenues
      Economic Base Export of Products and Services
      Employment  
    2. Loans may be made in concert with or independent of private or public-sector lenders and investors
    3. CDA financing may be subordinated to private sector indebtedness
  • Loan Terms:
    1. Appropriate to business opportunity
    2. Maturity tailored to transaction–up to 20 years
    3. CDA assistance up to $20,000 per job created or retained
  • Borrower's Process:
    1. Contact CDA Loan Officers:
      Janet M. Siegenthaler
      860.258.7816      		 P. Joseph Harpie
      860.258.7832
      Brien T. Day
      860.258.7831      		 Linda L. Wieleba
      860.258.7894
    2. Submit application, business plan, historic and projected financial statements upon request
  • CDA Process:
    1. Flash response within 2-3 days following receipt of appropriate documentation
    2. Staff review in 4-7 days
    3. Submit final documentation by the 1st day of the month
    4. Transaction presented to CDA Board of Directors monthly
    See our CDA Lending Partners
  • For additional information on all CDA programs: Contact CDA by email.