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Community Economic Development Fund (CEDF)

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  • Provides loans to small businesses in low-to-moderate income communities
  • Term loans, commercial real estate, and business lines of credit
  • Business education workshops and seminars

About

The Connecticut Economic Development Fund provides business loans to disadvantaged communities identified by the state of Connecticut as well as business borrowers whose household income falls below the state median. An SBA micro-lender, CEDF offers loans of $5,000 to $50,000 along with other loan capital options for greater sums. CEDF also provides a variety of business education resources.

Who’s it for?

Small businesses looking to start a business in a low-to-moderate community, or entrepreneurs whose household income falls below the state median.

Mission

To strengthen neighborhood economies by providing flexible financing, technical support and educational opportunities to businesses, community organizations and initiatives in communities throughout Connecticut.

Resources & Services

Financing

CEDF specializes in loans to borrowers who have low credit scores, limited collateral, or don’t qualify for funding from a traditional lender. A variety of loans are available, including term loans of between $1,000 and $250,000, commercial real estate loans of up to $500,000, and lines of credit of up to $250,000.

Business Education

Through its website at WeTeachSuccess.org, the CEDF Business Education Center provides online courses as well as webinars and seminars, which are recorded and made available after the event. CEDF also maintains a library of business articles and a Small Business as Usual podcast series.

Community Development

In addition to helping individual business owners, CEDF supports projects aiming to support economic growth in low- to moderate-income neighborhoods in Connecticut.

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