Participating Loan Program (Connecticut)
Last modified on February 12, 2015.
|Name||Participating 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/participation-loans
| Last Substantive Modification
CDA’s Participating Loan Program provides junior participating loans with private-sector lenders, contributing up to 50% of the principal balance, to companies unable to satisfy a lender’s standard loan underwriting criteria. Proceeds may be used the same as above. This program helps banks meet their client’s financing needs.
|Contact Name||Janet M. Siegenthaler|
|Department|| Connecticut Development Authority