Revolving Loan Fund (seCTer)

Revolving Loan Fund (seCTer) Various loan programs focus on long term job creation and business expansion, the acquisition of machinery and equipment, real estate, working capital and the development of new products and technology in southern Connecticut.

What's the value to me?

If you are in southern Connecticut and are looking for loans up to $2M in select commercial industries.

Description & Overview

Various loan programs focus on long term job creation and business expansion, the acquisition of machinery and equipment, real estate, working capital and the development of new products and technology in southern Connecticut.

The SeCTer loans are generally priced at lower than market fixed interest rates and have flexible terms and conditions.

Targeted industries include: manufacturing, processing, fabrication, commercial fishing, marine trades and technology, particularly those that hire skilled workers

Services

  • Loans between $10,000 and $2M
  • Can be combined with loans provided by partners (banks, government entities, equity financing

Criteria

Special consideration is given to:

  • Defense diversification projects
  • Dislocated workers
  • Women and minority owned businesses
  • Businesses located in, near, or assisting targeted investment communities and seCTer municipal members in good standing.

Contact

Ann Chambers
P: 860-437-4659 x 204
W: SeCTer

Categories:

Debt
Capital / Funding

Phases:

Launch
Scale
Plateau

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