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From CBIA News, January 2002
If the bank says no
If you don’t qualify for a traditional bank loan, here are some other options:
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Small Business Administration: Provides many types of help, including the Guaranteed Loan Program for start-ups or service businesses, and the Prequalification Loan Program for women, veterans and minorities. For more information, go to
www.sba.gov or call the Hartford office at 860-240-4700.
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Connecticut Development Authority: Provides working capital, real estate financing, start-up or mezzanine financing, capital for equipment and machinery, incentives for redeveloping brownfields, and more. For more information, go to
www.state.ct.us/cda/ or call 860-258-7832.
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Community Economic Development Fund: Assists distressed neighborhoods by providing greater access to capital, technical assistance to small business, and support for community economic development. For more information, call 860-249-3800 in Hartford; 203-782-4377 in New Haven; 203-335-1562, ext. 3009 in Bridgeport; or go to
www.bridgeport-econ.org/CEDF.htm.
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Department of Economic and Community Development: Offers several loan programs and other assistance to promote economic growth. For more information, go to
www.state.ct.us/ecd or call 860-270-8000.
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