ProgramFinder: Greater Hartford Business Development Center, Inc.

Greater Hartford Business Development Center, Inc. - Summary of Loans and Services

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Agency: Greater Hartford Business Development Center, Inc. (GHBDC)

Program Description:
Loans from the Greater Hartford Business Development Center will be considered for the following purposes:

Acquisition and/or renovation of commercial or industrial real estate in which the applicant occupies a significant portion of the available space for the operation of his/her business.
Purchase of machinery and equipment
Short-term working capital loans which have sufficient collateral, including lines of credit.

The GHBDC also has the following loan funds:

Contractor's Loan Fund - assists general contractors with short term contracts to pay for labor expenses and materials. The contract must be assignable to GHBDC and the loans must be secured.
Working Capital - assist in acquisition of inventory, equipment or financing of receivables
Enterprise Zone Loan Fund - assists business expansion or location in Hartford's Enterprise Zone
Revolving Fund - assists businesses acquire or renovate real estate, or to acquire machinery and equipment
Capital Region Revolving Loan Fund- assists 33 Capital Region Towns
Central Connecticut Loan Fund serves seven Connecticut towns
Nonprofit Loan Fund - Cash Flow and Capital Equipment loans for 501(c)3 organizations

GHBDC offers fixed interest rates usually below the prevailing bank rate for short term loans.

GHBDC contracts with the Hartford Economic Development Corporation to provide technical assistance and loan packaging services.

For most programs listed the business must be located in, or have a desire to move to 33 Capital Region Towns. The Nonprofit Loan Fund also includes the town of Burlington. Enterprise Zone Loan Fund for businesses in Hartford's Enterprise Zone.

Central Connecticut Loan Fund is available for businesses in the seven towns in Central Connecticut.

Program Region: Central Connecticut Loan Fund: Berlin, Bristol, Burlington, New Britain, Plainville, Plymouth, Southington

Enterprise Zone Fund: Hartford Enterprise Zone

Nonprofit Loan Fund: Andover, Avon, Bloomfield, Bolton, Burlington, Canton, Coventry, Cromwell, East Granby, East Hartford, East Windsor, Ellington, Enfield, Farmington, Glastonbury, Granby, Hartford, Hebron, Manchester, Marlborough, Newington, Rocky Hill, Simsbury, Somers, South Windsor, Suffield, Tolland, Vernon, West Hartford, Wethersfield, Windsor, Windsor Locks

Other Programs include: Andover, Avon, Berlin, Bloomfield, Bolton, Burlington, Canton, Cromwell, East Granby, East Hartford, East Windsor, Ellington, Enfield, Farmington, Glastonbury, Granby, Hartford, Hebron, Manchester, Mansfield, Marlborough, Newington, Rocky Hill, Simsbury, Somers, South Windsor, Suffield, Tolland, Vernon, West Hartford, Wethersfield, Windsor and Windsor Locks.

Program Contact(s):
Samuel C. Hamilton, Executive Director
15 Lewis Street, Room 204
Hartford, CT 06103
Phone: (860) 527-1301
Fax: (860) 727-9224
hedco@snet.net
hedco-ghbdc.com/loan.htm

Fernando G. Rosa, Deputy Director
15 Lewis Street, Room 204
Hartford, CT
Phone: (860) 527-1301
Fax: (860) 727-9224
fernando.g.rosa@hedco-ct.com

For More Programs on Financial Resources:

Agency Profile

Agency: Greater Hartford Business Development Center, Inc. (GHBDC)

Mission: The Hartford Economic Development Corporation (HEDCo) and the Greater Hartford Business Development Center, Inc (GHBDC) work in tandem to stimulate economic development in the Hartford metropolitan area by collaborating with concerned public and private organizations to help start, finance, retain and recruit small businesses within the region's core city, Hartford, and its 57 surrounding cities and towns.

Contact Information:
15 Lewis Street
Suite 204
Hartford, CT 06103
Phone: (860) 527-1301
Fax: (860) 727-9224
hedco@snet.net
hedco-ghbdc.com

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