Community Capital Fund (CommCap)

Community Capital Fund (CommCap) Loans ranging from $50,000 to $500,000 to help fund working capital needs, the purchase of machinery and equipment and/or new construction or rehabilitation of commercial real estate.

What's the value to me?

If you are looking for loans ranging from $50,000 to $500,000 to help fund working capital needs, the purchase of machinery and equipment and/or new construction or rehabilitation of commercial real estate.

Description & Overview

The Community Capital Fund (CCF) is a $17 million development bank which will provide accessible debt capital and access to technical assistance for small businesses and financing for affordable housing throughout the Bridgeport area.

Services

  • $50,000 to $500,000 loans for start-ups or early stage small businesses in the Bridgeport area

Criteria

Loans must be used for:

  • Job creation – the financing must create jobs in the greater Bridgeport area
  • Tax generation – the financing must produce tax revenue for the City or State
  • Neighborhood stabilization – the financing must employ residents and/or fill vacant properties of the target area or bring needed services to the neighborhood
  • Interaction with local business – the business financed should buy/sell goods/ services to/from local businesses or residences
  • Not bankable at a reasonable rate
  • Collateral offered consistent with risk
  • Net personal cash flow sufficient to cover financing costs

Contact

240 Fairfield Avenue
Bridgeport, CT 06604

Barbara Macieski
P: 203-332-7977
W: CommCap

Categories:

Debt
Capital / Funding

Phases:

Idea
Business Model Discovery / Validation
Launch
Scale

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