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Connecticut Regional, State, and Local Organizations

Organizations supporting business investments in Connecticut include:

BDC Capital

  • Includes term loans, lines of credit, and mezzanine capital
  • Funding can be used for purposes such as working capital, equipment purchases, real estate acquisition, debt restructuring, and business expansion

The Business Development Company

  • Supports companies that require funding that is unavailable through traditional sources.
  • Provides loans of $90,000 to $600,000 to companies in eastern Connecticut

Community Investment Corporation (CIC)

CIC is a provider of the SBA 504 loan as well as the following smaller loan options:

Connecticut Center for Advanced Technology (CCAT)

Connecticut Economic Development Fund (CEDF)

In addition to offering SBA microloans, CEDF provides a suite of financing opportunities. These include:

Connecticut Innovations

Connecticut Innovations serves as Connecticut’s strategic venture capital arm and the leading source of financing for innovative, growing companies. Financing options include:

CTNext Programs

Hartford Economic Development Corporation (HEDCO Inc.)

  • Offers loans of up to $150,000


  • One of four Innovation Places designated by CTNext
  • Makes priority-based investments to attract and grow businesses in the Hartford area
  • Focuses on insurance technology, medical technology, advanced manufacturing, and cultural firms

Middlesex County Revitalization Commission

  • Offers low-interest loans and/or matching grants to small and mid-sized businesses in the Middlesex County region

New Haven Innovation Collaborative

  • One of the CTNext Innovation Places
  • Provides financial support to entrepreneurs in the New Haven region, including the Collab cohort program with seed funding

Northeastern CT Economic Alliance

  • Offers loans to businesses in a 21-town region
  • Loans are generally $5,000 to $50,000, but larger ones can be structured
  • Typically offered to smaller companies, including startups who have trouble qualifying for a bank loan

Southeastern Connecticut Enterprise Region (seCTer)

  • One of the CTNext Innovation Places
  • Provides loans to businesses that are not yet bank-ready, offering initial capital and bridging funding gaps
  • Loans are intended to help small and medium-sized businesses expand, upgrade their machinery or equipment, and/or relocate in the region

Spanish American Merchants Association (SAMA)

Loan products include:

  • Minority Business Revolving Loan Fund, providing loans of $10,000 to $100,000 to minority- and/or women-owned businesses in Connecticut
  • Neighborhood Economic Development Revolving Loan Fund, offering loans of $30,000 to $75,000 to businesses in Hartford, Meriden, New Britain, and New Haven
  • Merchants Revolving Loan Fund, available to Hartford businesses that have trouble qualifying for traditional financing; provides loans of up to $50,000


  • One of CTNext’s Innovation Places
  • Offers matching grants to assist entrepreneurs in starting or growing a business in Stamford

Waterbury Development Corporation

  • Offers loan options for business projects in Waterbury

Women’s Business Development Center (WBDC)

  • Regularly offers grants of between $2,500 and $10,000 to women-owned small businesses in Connecticut, as well as grants and incentives aimed at child care providers.