Guaranteed Loan Program (Connecticut)
Last modified on February 12, 2015.
|Applies to States or Provinces||Connecticut|
|Name||Guaranteed 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.ctinnovations.com/lenders
|Last Review|| 2014-09-15
The Guaranteed Loan Program also helps private-sector lenders meet their client’s financing needs. CDA guarantees can cover up to 40% of the principal balance in case of a loss. Proceeds may be used the same as above, and also for performance guarantees and to finance foreign trade or receivables.
|Contact Name||Janet M. Siegenthaler|
|Department|| Connecticut Development Authority