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Business Lines of Credit from CEDF

Business

Businesses from time to time have the need for short-term financing and need some flexibility to achieve their business goals. A business line of credit can be the solution!

Is this resource a good fit for you?

If you are a Connecticut business looking for short term financing solutions.

Description

Up to $250,000

Businesses from time to time have the need for short-term financing and need some flexibility to achieve their business goals. A business line of credit can be the solution!

A business line of credit can give you extra financial security and peace of mind.

  • Lines continually revolve
  • You pay interest only on the outstanding balance used

Services

Receive funds for a short term for:

  • Working capital
  • Seasonal borrowing
  • Inventory purchases and/or to perhaps capitalize on special discounts from your suppliers
  • Gap coverage due to slow payers in your accounts receivable
  • Occasionally making payroll
  • Paying time sensitive bills

Criteria

Connecticut Businesses Must Meet One Of The Following Requirements To Be Eligible To Apply

  • Location Eligible: The business is not bankable* and is located in one of the 53 eligible communities listed below and regardless of household income level, or...
  • Income Eligible: The business is not bankable*, is not located in an eligible community, but meets the total annual household income level of $89,701 or less.
  • *Definition of not bankable: The business is unable to obtain a loan from a traditional bank.

Contact Info

Contact: Karen Tessman

Street: 965 East Main Street

City: Meridan

State: CT

Zip: 06450

Phone: 888-835-2333

Website: CEDF

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