URBANK (Connecticut Development Authority)

URBANK (Connecticut Development Authority) URBANK provides the bank with loss protection on loans up to $500,000. They can be coupled with loans or investments from other public- or private-sector sources.

What's the value to me?

If you are looking for loss protection on loans up to $500,000.

Description & Overview

URBANK provides the bank with loss protection on loans up to $500,000. They can be coupled with loans or investments from other public- or private-sector sources.

Eligible Uses

  • Working capital
  • Machinery and equipment
  • Purchase, construct, expand or upgrade facilities

Services

  • Loss protection on loans up to $500,000

Criteria

  • Any Connecticut business
  • If the bank is unable to approve the borrower's loan request without URBANK assistance
  • URBANK-protected loans are not available for: Non-owner occupied real estate; Residential

Contact

865 Brook Street
Rocky Hill, CT 06067

Megana Patel
W: Connecticut Development Authority

Categories:

Debt
Capital / Funding

Phases:

Launch
Scale
Plateau

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