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Community Capital Fund (CommCap)

Community

Offers loans ranging from $50,000 to $500,000 to help fund working capital needs.

Is this resource a good fit for you?

If you are looking for loans ranging from $50,000 to $500,000 to help fund working capital needs.

Description

The Community Capital Fund (CCF) is a $17 million development bank that 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 startups or early-stage small businesses in the Bridgeport area.

Criteria

  • 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 Info

Contact: Barbara Macieski

Street: 240 Fairfield Avenue

City: Bridgeport

State: CT

Zip: 06604

Phone: 203-332-7977

Website: CommCap

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