CTCIC SBA Loan

CTCIC SBA Loan CTCIC partners with a traditional lender (usually a bank) and will put together a financing package of up to 90 percent of the cost to of the expenditure.

What's the value to me?

If you are looking for loan program to fund a project that is under $13M, with better terms than a traditional loan.

Description & Overview

CTCIC partners with a traditional lender (usually a bank) and will put together a financing package of up to 90 percent of the cost to of the expenditure. The 10 percent borrower equity requirements is a full 10-20 percent lower than the equity required for a conventional loan.

Services

  • Finances up to 40 percent of the total project. (Our lending partners finance up to 50 percent of the total project.)
  • Loan portion is fully amortized over an extended term (10 or 20 years) and has a below market interest rate that is fixed for the entire term of the loan. No interest rate adjustments. No balloons.

Criteria

  • Must create or retain jobs or meet alternative economic or community development goals set forth by the SBA.
  • Capped at $5 Million ($5.5 Million for manufacturers) which means an SBA 504 loan can be a useful financing tool to fund projects up to $13 Million and beyond.

Contact

2315 Whitney Avenue
Hamden, CT 06518

Carolyn Welch
W: CTCIC

Phases:

Scale
Plateau

Related Debt