Direct Loan Program (Connecticut)
Last modified on July 2, 2013.
|Name||Direct Loan Program (Connecticut)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy|
|Implementing Sector|| State/Province
|Program Administrator||Connecticut Development Authority|
|Primary Website|| http://www.ctcda.com/Financing/Loans_and_Guarantees/DIRECT_LOANS/
|Last Review|| 7/2/13
The Connecticut Development Authority’s Direct Loan Program provides direct senior and subordinated loans and mezzanine investments to companies creating or maintaining jobs. Up to $20,000 per job is available and proceeds may be used for working capital, equipment purchase, mortgage payments, or Brownfield remediation or redevelopment. The program provides access to loan funds that are otherwise unavailable to the borrower.
|Contact Name||Janet M. Siegenthaler|
|Department|| Connecticut Development Authority