CONSERVE CASH FOR WORKING CAPITAL
WITH UP TO 90% FINANCING
Economic Development Administration (EDA) Loans offer flexible capital for small businesses in an effort to promote economic development through job creation and through encouraging private sector investment. The Naugatuck Valley Fund is available in the following targeted towns and cities in Connecticut:
New Haven County
The Naugatuck Valley Fund's sister fund, known as the Defense Diversification and Adjustment Revolving Loan Fund (Defense Fund), also promotes economic development through job creation and through encouraging private sector investment. This fund targets small businesses serving the defense industry although it is not limited strictly to defense related businesses.
CIC Defense Fund is available to companies located in the following cities and towns in Connecticut:
EDA Loans can be used for:
EDA Loans are often combined with loans from other lenders to create a total financing package. CIC works closely with lenders to put together a package that works best for the borrower.
*Both the fixed rate and the term of the EDA Loan are market driven.
The quickest and easiest way to see if a business and a project are eligible for an EDA Loan is to contact CIC. The financial staff will determine whether an EDA Loan or a different program is the best financing solution for a business.
CIC is an economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in Connecticut and Rhode Island who have powerful ideas and need more power to grow them.