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Financing, Stimulus, and Tax Incentives for Your Business
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Financing Your Business
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| SBA Loan Guarantee Program |
SBA provides a number of financial assistance programs for small businesses including
7(a), 504 and disaster assistance loans |
| CT Development Authority |
The Connecticut Development Authority provides debt financing and investment capital to help businesses grow in Connecticut. They also partner with a variety of lending sources to help stimulate business startup and expansion in Connecticut. They can help you, or direct you to funding sources available in Connecticut. |
| Community Economic Development Fund |
CEDF has numerous loan products to assist small business owners who have problems obtaining traditional financing, CEDF provides loans with flexible terms to ensure business success |
| CT Department of Economic and Community Development |
The DECD has qualifying tax credit and assistance programs for:
- Low interest loans for Small Businesses in selected industries
- Tax credits for new CT jobs in selected industries
- Assistance for Manufacturers
- Brownfield and contamination cleanup assistance
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| Connecticut Department of Banking |
Connecticut Department of Banking protect users of financial services from unlawful or improper practices by requiring that regulated entities and individuals adhere to the law |
| Department of Commerce |
Grants from the Department of Commerce |
| Connecticut Credit Unions |
Find a Credit Union in Connecticut:
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| CT Small Business Loan Programs |
Get information on various low interest or revolving loan proagrams offered in Connecticut to small and mid-sized businesses. |
| Department of Labor |
The CT Department of Labor can provide training incentives and resources for qualifying businesses.
Contact: Lori Lynn Chatlos, Business Services Specialist
Phone: 203-455-2601 email: lorilynn.chatlos@po.state.ct.us
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| Connecticut Procurement and Technical Assistance |
Connecticut Procurement and Technical Assistance helps businesses connect to government procurement opportunities. PTAP matches products and/or services with government bids, registers businesses with government procurement agencies and assists with proposal and bid preparation. |
| Buzgate.org |
Financial institutions are not the only place to secure small businesses. Learn about public agency funding programs; angel funding and venture capital sources, as well as more traditional business funding sources. |
| Trumbull Tax Abatement for qualifying businesses |
Call the Trumbull Economic Development Office for details: (203) 452-5043 |
Active Capital
www.activecapital.org |
Active Capital is a nationwide listing service that connects entrepreneurs with angel investors. Potential investors can obtain information on start-ups and expanding small businesses seeking $250,000 to $5,000,000 in venture capital. Active Capital's main benefit is that it allows entrepreneurs to directly access a nationwide network of investors while complying with federal and state securities regulations |
| Business.gov loan search tool |
This site will help you find special loan programs that meet your criteria |
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Chefa Tax-Exempt Financing
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CT Child Care Facilities Microloan Program
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The CT Child Care Facilities Microloan Program is made possible through a partnership of the New Haven Community Investment Corp., the Connecticut Health & Educational Facilities Authority and the U.S. Small Business Administration. Loan amounts up to $10,000 are available to for-profit and not-for-profit child-care providers statewide.
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Economic and Manufacturing Assistance Act (MAA)
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The Economic and Manufacturing Assistance Act (MAA) provides incentive-driven direct loans for projects with strong economic development potential. Eligible uses for the funds are planning studies, acquisition of real property, construction/renovation, working capital and business support services. A Department of Economic and Community Development (DECD) program.
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MicroLoan Program
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The CTCIC's MicroLoan Program, established by the SBA, provides from $500 to $35,000 to start-up, recently established or growing small businesses.
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TAX INCENTIVES
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| State of CT Tax Incentives |
Connecticut's Tax Incentive Programs |
| Trumbull Tax Incentives |
Trumbull's Tax Incentive Programs for qualifying busineses |
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Information and Links Related to Grants and programs offered throught the American Recovery and Stimulus Program
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| www.energytaxincentives.org/business |
RENEWABLE-ENERGY TAX CREDITS AND GRANTS
Businesses that install renewable-energy property are eligible for federal tax relief in the form of the business energy investment tax credit (ITC). ARRA 2009 extends and expands some existing tax credits and also establishes new credits for other renewable technologies. |
| www.treas.gov/recovery |
ARRA 2009 allows businesses to take the renewable-energy tax incentive as a grant instead of a credit, recognizing that some businesses without tax liability may not be able to benefit from the credit. The credit offsets taxes on income on a dollar-for-dollar basis. Grant guidance and application information will be available by summer 2009 at the U.S. Treasury web site, |
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http://www.recovery.ct.gov/recovery/site/default.asp
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Connecticut Recovery Website
This site also provides links to information on federal and state grants and programs that are provided under the American Recovery Act |
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